Homework Answers
| Year | Unit | Depreciation /Unit | = | Annual Dep. Exp. | Accumulated Dep. | Book Value |
| 2020 | 25800 | 1.41 | = | 36378 | 36378 | 187780 |
| 2021 | 46000 | 1.41 | = | 64860 | 101238 | 122920 |
| 2022 | 39000 | 1.41 | = | 54990 | 156228 | 67930 |
| 2023 | 43000 | 1.41 | = | 60630 | 216858 | 7300 |
Accumulated Depreciation of current year = Accumulated Dep. of last Year + Dep. of current Year
Book value of current year = Book value of last year - Dep. of current year
for eg. Book Value of 2022 = $122920 - $54990 =$ 67930
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complete the chart Computation End of Year Units of Activity Annual Depreciation Expense Depreciation Cost / Unit x...
Swifty Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on...
Swifty Bus Lines uses the units-of-activity method in
depreciating its buses. One bus was purchased on January 1, 2020,
at a cost of $263,321. Over its 6-year useful life, the bus is
expected to be driven 174,300 miles. Salvage value is expected to
be $7,100.
Prepare a depreciation schedule assuming actual mileage was:
2020, 46,300; 2021, 45,000; 2022, 48,000; and 2023, 35,000.
(Round cost per unit to 2 decimal places, e.g. 15.25
and all other answers to 0 decimal places,...
Exercise 9-05 a-b Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus...
Exercise 9-05 a-b Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $148,000. Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Salvage value is expected to be $8,000. Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit per mile Your answer is partially correct. Try again. Prepare...
Need Help with accumulated depreciation and book value! Whippet Bus Lines uses the units-of-activity method in depreciat...
Need Help with accumulated
depreciation and book value!
Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2022, at a cost of $100,000. Over its 4-year useful life, the bus is expected to be driven 160,000 miles. Salvage value is expected to be $8,000. Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ 575 eTextbook and Media Your...
Please help finish remaining! Your answer is correct. Compute the depreciation cost per unit. (Round answer...
Please help finish
remaining!
Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ 53 e Textbook and Media - Your answer is partially correct Prepare a depreciation schedule assuming actual mileage was: 2022, 47,600: 2023, 61,000; 2024, 49,000; and 2025, 52,400. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to 0 decimal places, e.g. 125) Computation End of Year Years...
Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on...
Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $119,000. Over its 4-year useful life, the bus is expected to be driven 210,000 miles. Salvage value is expected to be $7,700. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ eTextbook and Media Prepare a depreciation schedule assuming actual mileage was: 2022, 47,600; 2023, 61,000: 2024,...
Problem 9-09A Culver Corporation purchased machinery on January 1, 2022, at a cost of $288,000. The...
Problem 9-09A Culver Corporation purchased machinery on January 1, 2022, at a cost of $288,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $33,800. The company is considering different depreciation met Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. STRAIGHT-LINE DEPRECIATION Computation Years Depreciable Cost x Depreciation Rate = Annual Depreciation Expense 2022 End...
Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on...
Blossom Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $117,000. Over its 4-year useful life, the bus is expected to be driven 210,000 miles. Salvage value is expected to be $7,800. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $enter the depreciation cost per unit in dollars rounded to 3 decimal places Prepare a depreciation schedule...
Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on...
Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $100,000. Over its 4-year useful life, the bus is expected to be driven 160,000 miles. Salvage value is expected to be $8,000. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation Cost per Unit = $ Prepare a depreciation schedule assuming actual mileage was: 2022, 40,000; 2023, 52,000; 2024, 41,000; and...
Ivanhoe Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on...
Ivanhoe Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $140,000. Over its 4-year useful life, the bus is expected to be driven 240,000 miles. Salvage value is expected to be $9,200. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e... 6.251) Depreciation cost per unit $ e Textbook and Media Prepare a depreciation schedule assuming actual mileage was: 2022,56,000: 2023,72,800; 2024, 57,400;...
fill in question mark. double declining balance deprc. 221,800 DOUBLE-DECLINING-BALANCE DEPRECIATION Computation Book Value Beginning of...
fill in question mark. double declining balance deprc.
221,800 DOUBLE-DECLINING-BALANCE DEPRECIATION Computation Book Value Beginning of Year x Depreciation Rate - Annual Depreciation Expense 252,000) 126,000 End of Year Accumulated Depreciation Years 2022 Book Value 125,000 2023 T 126,000 63,000 63.000 T 63,000 31,500 2024 2025 I 31,500 77722727 1,300 30,200 Depreciation expense for 2020 under Double declining-balance is adjusted so that ending book value is equal to salvage value.
Swifty Bus Lines uses the units-of-activity method in
depreciating its buses. One bus was purchased on January 1, 2020,
at a cost of $263,321. Over its 6-year useful life, the bus is
expected to be driven 174,300 miles. Salvage value is expected to
be $7,100.
Prepare a depreciation schedule assuming actual mileage was:
2020, 46,300; 2021, 45,000; 2022, 48,000; and 2023, 35,000.
(Round cost per unit to 2 decimal places, e.g. 15.25
and all other answers to 0 decimal places,...
Exercise 9-05 a-b Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2020, at a cost of $148,000. Over its 4-year useful life, the bus is expected to be driven 100,000 miles. Salvage value is expected to be $8,000. Your answer is correct. Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.) Depreciation cost per unit per mile Your answer is partially correct. Try again. Prepare...
Need Help with accumulated
depreciation and book value!
Whippet Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1,2022, at a cost of $100,000. Over its 4-year useful life, the bus is expected to be driven 160,000 miles. Salvage value is expected to be $8,000. Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ 575 eTextbook and Media Your...
Please help finish
remaining!
Your answer is correct. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ 53 e Textbook and Media - Your answer is partially correct Prepare a depreciation schedule assuming actual mileage was: 2022, 47,600: 2023, 61,000; 2024, 49,000; and 2025, 52,400. (Round depreciation cost per unit to 3 decimal places, e.g. 0.125 and other answers to 0 decimal places, e.g. 125) Computation End of Year Years...
Crane Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $119,000. Over its 4-year useful life, the bus is expected to be driven 210,000 miles. Salvage value is expected to be $7,700. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e.g. 6.251) Depreciation cost per unit $ eTextbook and Media Prepare a depreciation schedule assuming actual mileage was: 2022, 47,600; 2023, 61,000: 2024,...
Problem 9-09A Culver Corporation purchased machinery on January 1, 2022, at a cost of $288,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $33,800. The company is considering different depreciation met Prepare separate depreciation schedules for the machinery using the straight-line method, and the declining-balance method using double the straight-line rate. STRAIGHT-LINE DEPRECIATION Computation Years Depreciable Cost x Depreciation Rate = Annual Depreciation Expense 2022 End...
Ivanhoe Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2022, at a cost of $140,000. Over its 4-year useful life, the bus is expected to be driven 240,000 miles. Salvage value is expected to be $9,200. Compute the depreciation cost per unit. (Round answer to 3 decimal places, e... 6.251) Depreciation cost per unit $ e Textbook and Media Prepare a depreciation schedule assuming actual mileage was: 2022,56,000: 2023,72,800; 2024, 57,400;...
fill in question mark. double declining balance deprc.
221,800 DOUBLE-DECLINING-BALANCE DEPRECIATION Computation Book Value Beginning of Year x Depreciation Rate - Annual Depreciation Expense 252,000) 126,000 End of Year Accumulated Depreciation Years 2022 Book Value 125,000 2023 T 126,000 63,000 63.000 T 63,000 31,500 2024 2025 I 31,500 77722727 1,300 30,200 Depreciation expense for 2020 under Double declining-balance is adjusted so that ending book value is equal to salvage value.
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