P9-7B In recent years Howard Company has purchased three machines. Because of frequent employee turnover in...
In recent years, Crane Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Cost Salvage Value Useful Life (in years) Depreciation Method 1 Jan. 1, 2015 $126,000 $16,000 10 Straight-line 2 July 1, 2016 79,000 11,200 5 Declining-balance 3 Nov. 1, 2016 71,900...
In recent years, Oriole Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Salvage Useful Life Depreciation Method Machine Acquired Cost Value (in years) 1 Jan. 1, 2020 $132,500 $52,500 8 Straight-line 2 July 1,2021 91,000 11,800 5 Declining-balance 3 Nov. 1,2021 71.900 7,900 Units-of-activity...
In recent years, Sheridan Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Useful Life (in years) Depreciation Method Machine Salvage Acquired Cost Value Jan. 1, 2015 $133,000 $45,000 July 1, 2016 86,500 10,500 Nov. 1, 2016 68,2008,200 8 Straight-line Declining-balance Units-of-activity For the declining-balance...
In recent years, Pharoah Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Salvage Value Cost Useful Life (in years) Depreciation Method Straight-line Jan. 1, 2015 $135,500 July 1, 2016 81,500 Nov. 1, 2016 77,600 $35,500 10,200 7,600 5 Declining-balance Units-of-activity For the...
In recent years, Crane Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Cost Salvage Value Useful Life (in years) Depreciation Method 1 Jan. 1, 2015 $130,500 $30,500 10 Straight-line 2 July 1, 2016 88,000 10,100 5 Declining-balance 3 Nov. 1, 2016 76,100...
In recent years, Ivanhoe Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Cost Salvage Value Useful Life (in years) Depreciation Method Jan 1, 2020 $135,500 $25,500 10 Straight-line Declining-balance July 1, 2021 Nov. 1, 2021 80,000 77,600 11,400 8,600 7 Units-of-activity For...
In recent years, Sheridan Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Acquired Cost Salvage Value Useful Life (in years) Depreciation Method 1 Jan. 1, 2020 $133,000 $45,000 8 Straight-line 2 July 1, 2021 86,500 10,500 5 Declining-balance 3 Nov. 1, 2021 68,200...
Problem 2 In recent years, Dolittle Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Useful Life (in vears) Machine Acquired Jan. 1, 2016 July 1, 2017 Nov. 1, 2017 Cost $96,000 85,000 66.000 Salvage Value $12,000 10,000 6,000 Depreciation Method Straight-line Declining-balance Units-of-activity For...
Problem 9-2A In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Information concerning the buses is summarized as follows. Bus Acquired Cost Salvage Value Useful Life in Years Depreciation Method 1 1/1/13 $97,900 $6,800 4 Straight-line 2 1/1/13 112,000 11,100 5 Declining-balance 3 1/1/14 83,360 8,900 4 Units-of-activity For the declining-balance method, the company uses the double-declining...
*Problem 9-08A In recent years, Oriole Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation method for each machine, and various methods have been used. Information concerning the machines is summarized in the table below. Machine Useful Life (in years) Acquired Jan. 1, 2020 July 1, 2021 Nov. 1, 2021 Cost $129,000 76,000 66,100 Salvage Value $41,000 11,600 6,100 Depreciation Method Straight-line Declining-balance Units-of-activity 5...