Homework Answers
![Answers are highlighted in yellow: Solution: All 4 are indvidual questions, although all have been answered:) Answer: Explanation: 6) a. $32,000. 7) 8) 9) b. $1,667 [(200000)-(200000*20%)]*20%-32000 (200000*15%)/12*11- (100000)-[(100000*25%)/12*61- (500000496)/12- b. $27,500. 27500 d. $87,500 87500 1667](http://img.homeworklib.com/questions/21e15ff0-3ff3-11ea-b9bd-2986be946128.png?x-oss-process=image/resize,w_560)
Add Answer to:
Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for...
o d curendar year unless otherwise statet 1. Your company uses the DDB method. Assets purchased...
o d curendar year unless otherwise statet 1. Your company uses the DDB method. Assets purchased betweeththey were depreciated for the entire month; assets purchased after the 15m as acquired the ollowing month. On May 1,20X1, it purchases for s253 with a useful life of 12 years and a salvage value of $10,000. book value at the end of 20X2? 1st and 15th are though they were he machine's $250,000 a machi What is the machine's ne a. $173,611 b....
d. $24,000 r the entire month; assets purchased after the 15th as thougaa salvage month. Management...
d. $24,000 r the entire month; assets purchased after the 15th as thougaa salvage month. Management estimates the machine will last 10 years and of $60,000. What is 20X1 depreciation expense? uses 150% DB , zoxī, your company purchasesamaeenthe 1st and dred the ton machine for $200,000. Your company ciated valu depreciation. Assets purchased between the Tas ani the oalue $21,000 b $27,500 c. $19,250 d. $25,667 On July 8, 20x1, pur DDB method. Assets purchased between the 1st and...
On July 1, 20X1, ZipCo, which uses UOP depreciation, purchases for $36,000 a truck with an...
On July 1, 20X1, ZipCo, which uses UOP depreciation, purchases for $36,000 a truck with an estimated useful life of 60,000 miles and a residual value of $6,000. Miles driven are as follows: Year 20x1 20X2 20x3 20x4 20x5 Miles 5,000 10,000 20,000 25,000 30,000 The book value of the truck on December 31, 20X3 is: Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th...
ZyCo uses the straight-line method. Assets purchased between the 1st and 15th of the month are...
ZyCo uses the straight-line method. Assets purchased between the 1st and 15th of the month are depreciated for the entire month; assets purchased after the 15th of the month are treated as though they were acquired the following month. On May 2, 20X1, ZyCo purchases furniture for $35,000 that it expects to last for 10 years; ZyCo expects the furniture to have a residual value of $3,000. What is the book value at the end of 20X3? $25,400 $25,667 $22,400...
On July 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, as follows:...
On July 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, as follows: Cost Salvage Value Useful Life Machine #1 $80,000 $14,000 12 years Machine #2 $55,000 $10,000 8 years Machine #3 $27,000 $3,000 5 years Assets purchased between the 1st and 15th of the month are depreciated for the entire month; assets purchased after the 15th of the month are treated as though they were acquired...
ooERDIGTs (SYD) METHOD OF DEPRECIAO Assume all companies are on a calendar year unless otherwise stated...
ooERDIGTs (SYD) METHOD OF DEPRECIAO Assume all companies are on a calendar year unless otherwise stated On January 1, 20X1, your company purchases for $550,000 a machine with an estimated useful life of 10 years and a salvage value of $50,000. Using SYD depreciation, the 20X2 depreciation expense is: a. $81,818 b. $90,000 c. $18,182 d. $200,000 On January 1, 20X1, your company purchases for $450,000 a machine with an estimated useful What is 20X4 depreciation expense? 2. life of...
stering Depreciation uses the straight-line method. Assets purchased between the 1* and 15hare depreciated for the...
stering Depreciation uses the straight-line method. Assets purchased between the 1* and 15hare depreciated for the entire month; assets purchased after the 15th as though te acquired the following month. On May 2, 20x1, ZyCo purchases for $25,000 ftrth that it expects to last for 10 years and to have a residual value of $1,000. What is balance in the accumulated depreciation account at the end of 20x37 y were furniture a. $2,400 b. $6,400 c. $7,200 d. Insufficient information...
ACC 160 ASA COLLEGE PROF. K. JEFFERS 36. On January 1, 20X1, your company, which uses...
ACC 160 ASA COLLEGE PROF. K. JEFFERS 36. On January 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, recorded as follows" Cost $ 6,000 6,000 11,000 Salvage Value $1,000 1,000 1,000 Useful Life Machine No. 1 Machine No. 2 Machine No. 3 5 years 10 years 10 years What is total 20X1 depreciation for the 3 machines? $2,500 b. $2,900 a. $1,250 c. d. $5,000 37. DepCo uses the straight-line method. Assets purchased between the 1"...
$80,000 55,000 27,000 $14,000 10,000 3,000 12 years 8 years 5 years Machine No. 2 /Machine...
$80,000 55,000 27,000 $14,000 10,000 3,000 12 years 8 years 5 years Machine No. 2 /Machine No. 3 Assets purchased between the 1t and 15h are depreciated for the entire month; purchased after the 15th as though they were acquired the following mont total 20X1 depreciation for the 3 machines? a. $15,925 $9.471 $7,963 $18,942 RayCo uses the straight-ine method. Assets purchased between t depreciated for the entire the 1st and 15th are month; assets purchased after the 15th as...
tering Depreciation On May 1, 20X1, your company purchases for $260,000 a machine with an estimated...
tering Depreciation On May 1, 20X1, your company purchases for $260,000 a machine with an estimated useful life of 12 years and a salvage value of $10,000. Your company uses SYD depreciation and depreciates assets purchased between the 1st and 15th of the month for the entire month and assets purchased after the 15th as though they were acquired the following month. What is 20X2 depreciation expense? a. $38,462 b. $38,256 c. $36,325 d. $35,256
o d curendar year unless otherwise statet 1. Your company uses the DDB method. Assets purchased betweeththey were depreciated for the entire month; assets purchased after the 15m as acquired the ollowing month. On May 1,20X1, it purchases for s253 with a useful life of 12 years and a salvage value of $10,000. book value at the end of 20X2? 1st and 15th are though they were he machine's $250,000 a machi What is the machine's ne a. $173,611 b....
d. $24,000 r the entire month; assets purchased after the 15th as thougaa salvage month. Management estimates the machine will last 10 years and of $60,000. What is 20X1 depreciation expense? uses 150% DB , zoxī, your company purchasesamaeenthe 1st and dred the ton machine for $200,000. Your company ciated valu depreciation. Assets purchased between the Tas ani the oalue $21,000 b $27,500 c. $19,250 d. $25,667 On July 8, 20x1, pur DDB method. Assets purchased between the 1st and...
On July 1, 20X1, ZipCo, which uses UOP depreciation, purchases for $36,000 a truck with an estimated useful life of 60,000 miles and a residual value of $6,000. Miles driven are as follows: Year 20x1 20X2 20x3 20x4 20x5 Miles 5,000 10,000 20,000 25,000 30,000 The book value of the truck on December 31, 20X3 is: Your company uses the DDB method. Assets purchased between the 1st and 15th are depreciated for the entire month; assets purchased after the 15th...
ooERDIGTs (SYD) METHOD OF DEPRECIAO Assume all companies are on a calendar year unless otherwise stated On January 1, 20X1, your company purchases for $550,000 a machine with an estimated useful life of 10 years and a salvage value of $50,000. Using SYD depreciation, the 20X2 depreciation expense is: a. $81,818 b. $90,000 c. $18,182 d. $200,000 On January 1, 20X1, your company purchases for $450,000 a machine with an estimated useful What is 20X4 depreciation expense? 2. life of...
stering Depreciation uses the straight-line method. Assets purchased between the 1* and 15hare depreciated for the entire month; assets purchased after the 15th as though te acquired the following month. On May 2, 20x1, ZyCo purchases for $25,000 ftrth that it expects to last for 10 years and to have a residual value of $1,000. What is balance in the accumulated depreciation account at the end of 20x37 y were furniture a. $2,400 b. $6,400 c. $7,200 d. Insufficient information...
ACC 160 ASA COLLEGE PROF. K. JEFFERS 36. On January 1, 20X1, your company, which uses the straight-line method, purchases 3 machines, recorded as follows" Cost $ 6,000 6,000 11,000 Salvage Value $1,000 1,000 1,000 Useful Life Machine No. 1 Machine No. 2 Machine No. 3 5 years 10 years 10 years What is total 20X1 depreciation for the 3 machines? $2,500 b. $2,900 a. $1,250 c. d. $5,000 37. DepCo uses the straight-line method. Assets purchased between the 1"...
$80,000 55,000 27,000 $14,000 10,000 3,000 12 years 8 years 5 years Machine No. 2 /Machine No. 3 Assets purchased between the 1t and 15h are depreciated for the entire month; purchased after the 15th as though they were acquired the following mont total 20X1 depreciation for the 3 machines? a. $15,925 $9.471 $7,963 $18,942 RayCo uses the straight-ine method. Assets purchased between t depreciated for the entire the 1st and 15th are month; assets purchased after the 15th as...
tering Depreciation On May 1, 20X1, your company purchases for $260,000 a machine with an estimated useful life of 12 years and a salvage value of $10,000. Your company uses SYD depreciation and depreciates assets purchased between the 1st and 15th of the month for the entire month and assets purchased after the 15th as though they were acquired the following month. What is 20X2 depreciation expense? a. $38,462 b. $38,256 c. $36,325 d. $35,256
Most questions answered within 3 hours.
-
Please Help ASAP.
1Consider the below code which iterates over a linked
list of n nodes...
asked 54 seconds ago -
Determine the air to fuel ratio of:
Canadian natural gas, with 93.9% methane, 4.2% ethane, 0.3%...
asked 1 minute ago -
A manufacturer of power tools claims that the average amount of
time required to assemble their...
asked 3 minutes ago -
"electron-withdrawing substituents on carbon encourage back
donation", then on the next page he says that "greater...
asked 14 minutes ago -
On December 31, 2016, the shareholders’ equity section of the
balance sheet of R & L...
asked 23 minutes ago -
16.7
At t=0s a small "upward" (positive y) pulse centered at x = 5.0
m is...
asked 36 minutes ago -
Twitter Users and News: A poll conducted in 2013 found that 52%
of U.S. adult Twitter...
asked 51 minutes ago -
How
would I know whether a given amino acid has an ionizable group or
not? please...
asked 59 minutes ago -
True or false?
True False The function of the enzyme acyl CoA
synthetase is the ATP-dependent coupling...
asked 59 minutes ago -
Nadia Corporation adjusts its debt so that its interest coverage
(EBIT/Interest) remains constant at 3. Nadia’s...
asked 1 hour ago -
In a clinical trial, 20 out of 600 patients taking a
prescription drug complained of flulike...
asked 1 hour ago -
7. How many types of nuclear processes can produce energy? 8.
How many types of radioactive...
asked 1 hour ago