Homework Answers
| Cost | $ 300,000.00 | ||
| Salvage value | $ 20,000.00 | ||
| Deprciable cost | $ 280,000.00 | ||
| Total useful hours | 10000 | ||
| Depreciation per hour | $ 28.00 | ||
| Depreciation for 2700 hours = | $ 28 x 2700 | ||
| = | $ 75,600.00 | ||
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USUDI TU OF Question 10 0.6 points Save Answer Equipment with a cost of $300.000 has...
89. The interest charged on a $90,000 note payable, at the rate of 6%, on a...
89. The interest charged on a $90,000 note payable, at the rate of 6%, on a 90-day note would be a $5,400. b. $2,700. c. $1,350. d. $900. TO 94. Equipment with a cost of $300,000 has an estimated salvage value of $20,000 and an estimated life of 4 years or 10,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 2,700...
10 points QUESTION 4 Save Answer In 2018 Vickers Company purchased equipment for $140,000 and recorded $20,000 in depre...
10 points QUESTION 4 Save Answer In 2018 Vickers Company purchased equipment for $140,000 and recorded $20,000 in depreciation expense. How does the recording of the equipment purchase and the depreciation expense affect the statement of cash flows? Cash flow for operating activities ($20,000); cash flow for investing А. activities ($140,000) B. Cash flow for investing activities ($160,000) C. Cash flow for operating activities ($140,000) D. Cash flow for investing activities ($140,000) 10 points QUESTION 5 Save Answer On January...
Uusch B 10 > >> Question 8 0.6 points Save Answer On January 1, a machine...
Uusch B 10 > >> Question 8 0.6 points Save Answer On January 1, a machine with a useful life of four years and a salvage value of $15,000 was purchased for $95.000. What is the depreciation expense for year 2 under straight-line depreciation? $10,000 $20,000 $40,000 $23,750
Question 7 0.6 points Save Ans A company purchased factory equipment for $450,000. It is estimated...
Question 7 0.6 points Save Ans A company purchased factory equipment for $450,000. It is estimated that the equipment will have a $45,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be $180,000 $108,000 $162,000 $97200
Equipment with a cost of $456000 has an estimated salvage value of $36000 and an estimated...
Equipment with a cost of $456000 has an estimated salvage value of $36000 and an estimated life of 4 years or 10000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used for 2200 hours? $92400. $114000. $110250. $105000.
Equipment with a cost of $400,000 has an estimated salvage value of $25,000 and an estimated...
Equipment with a cost of $400,000 has an estimated salvage value of $25,000 and an estimated life of 4 years or 15,000 hours. It is to be depreciated using the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used 3,300 hours? $100,000 $113,800 $82,500 $93,750
Brenan, Inc. purchased equipment at the beginning of 2004 for $2,100,000. Brenan. The equipment has an...
Brenan, Inc. purchased equipment at the beginning of 2004 for $2,100,000. Brenan. The equipment has an estimated residual value (salvage value) of $100,000 and an estimated life of 5 years or 100,000 hours of operation. The machinery was operated for 15,000 hours in 2004, 20,000 hours in 2005, 35,000 hours in 2006, 20,000 hours in 2007, and 10,000 hours in 2008.....Create a depreciation schedule for Straight-line depreciation method ....Cost ..Book Value (beginning) ..Depreciation Expense ..Accumulated Depreciation ..Book Value (ending), Units...
QUESTION 2 A machine with a cost of $65,000 has an estimated residual value of $5,000...
QUESTION 2 A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for a second full year, during which the machine was used 5,000 hours? O $8,000 O$20,000 $12,000 O $21.667
A machine with a cost of $260,000 has an estimated salvage value of $20,000 and an estimated useful life of 5 years or 1...
A
machine with a cost of $260,000 has an estimated salvage value of
$20,000 and an estimated useful life of 5 years or 12000 hours. It
is to be depreciated using the units-of-activity method of
depreciation. What is amount of depreciation for the second full
year, during which the machine was used 4000 hours?
Multiple Choice Question 209 A machine with a cost of $260000 has an estimated salvage value of $20000 and depreciation for the second full year, during...
A machine with a cost of $71,916.00 has an estimated residual value of $4,607.00 and an...
A machine with a cost of $71,916.00 has an estimated residual value of $4,607.00 and an estimated life of 3 years or 15,449 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,145 hours? Select the correct answer. $18,059.15 $22,436.33 $19,295.22 $44,872.67 Equipment with a cost of $168,104.00 has an estimated residual value of $9,445.00 and an estimated life of 6 years...
89. The interest charged on a $90,000 note payable, at the rate of 6%, on a 90-day note would be a $5,400. b. $2,700. c. $1,350. d. $900. TO 94. Equipment with a cost of $300,000 has an estimated salvage value of $20,000 and an estimated life of 4 years or 10,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 2,700...
10 points QUESTION 4 Save Answer In 2018 Vickers Company purchased equipment for $140,000 and recorded $20,000 in depreciation expense. How does the recording of the equipment purchase and the depreciation expense affect the statement of cash flows? Cash flow for operating activities ($20,000); cash flow for investing А. activities ($140,000) B. Cash flow for investing activities ($160,000) C. Cash flow for operating activities ($140,000) D. Cash flow for investing activities ($140,000) 10 points QUESTION 5 Save Answer On January...
Uusch B 10 > >> Question 8 0.6 points Save Answer On January 1, a machine with a useful life of four years and a salvage value of $15,000 was purchased for $95.000. What is the depreciation expense for year 2 under straight-line depreciation? $10,000 $20,000 $40,000 $23,750
Question 7 0.6 points Save Ans A company purchased factory equipment for $450,000. It is estimated that the equipment will have a $45,000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be $180,000 $108,000 $162,000 $97200
Equipment with a cost of $456000 has an estimated salvage value of $36000 and an estimated life of 4 years or 10000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used for 2200 hours? $92400. $114000. $110250. $105000.
QUESTION 2 A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for a second full year, during which the machine was used 5,000 hours? O $8,000 O$20,000 $12,000 O $21.667
A
machine with a cost of $260,000 has an estimated salvage value of
$20,000 and an estimated useful life of 5 years or 12000 hours. It
is to be depreciated using the units-of-activity method of
depreciation. What is amount of depreciation for the second full
year, during which the machine was used 4000 hours?
Multiple Choice Question 209 A machine with a cost of $260000 has an estimated salvage value of $20000 and depreciation for the second full year, during...
A machine with a cost of $71,916.00 has an estimated residual value of $4,607.00 and an estimated life of 3 years or 15,449 hours. It is to be depreciated by the units-of-production method. What is the amount of depreciation for the second full year, during which the machine was used 4,145 hours? Select the correct answer. $18,059.15 $22,436.33 $19,295.22 $44,872.67 Equipment with a cost of $168,104.00 has an estimated residual value of $9,445.00 and an estimated life of 6 years...
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