The machine originally had an estimated useful life of 9 years, but after 3 complete years,...
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Answer : 10 years
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machine originally had an estimated useful life of 9 years, but
after 3 complete years,...
A machine originally had an estimated service life of 5 years, and after 3 years, it...
A machine originally had an estimated service life of 5 years, and after 3 years, it was decided that the original estimate should have been for 10 years. The remaining cost to be depreciated should be allocated over the next Multiple Choice 5 years 6 years 10 years 7 years 2 years Creek Construction owned a bulldozer which was destroyed by fire. The bulldozer originally cost $38,000. The accumulated depreciation recorded to the date of loss was $20,000. The proceeds...
28) When originally purchased, a vehicle costing $26.460 had an estimated useful life of 8 years...
28) When originally purchased, a vehicle costing $26.460 had an estimated useful life of 8 years and an estimated salvage value of $3500. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: A) S3038.00. B) $11,480.00. C) $5908.00. D) $5740.00 E) $2870.00. 29) Lima Enterprises purchased a depreciable asset for $29.000 on...
Select the correct answer Q1 At end of the day, the cash register's record shows $155,...
Select the correct answer
Q1
At end of the day, the cash register's record shows $155, but
the count of cash in the cash register is $150. The correct entry
to record the cash sales for the day is:
Q2
A company receives a 10%, 60-day note for $2,400. The total
interest due upon the maturity date is:
Q3
A machine that originally had an estimated useful life of 8
years, but after 3 complete years, it was decided that...
‘When originally purchased, a vehicle had an estimated useful life of 8 years. The vehicle cost...
‘When originally purchased, a vehicle had an estimated useful life of 8 years. The vehicle cost $23,000 and it’s estimated salvage value is $1,500. after 4 years of straight-line depreciation, the asset’s total estimated useful life was revised from 8 years to 6 years; there was No change in the estimated salvage value. What is the amount of depreciation expense in 5 years? Show your work a. $5,375.00 b. $2,687.50 c. $5,543.75 d. $10,750.00 e. $ 2,856.25
When originally purchased, a vehicle costing $23,400 had an estimated useful life of 8 years and...
When originally purchased, a vehicle costing $23,400 had an estimated useful life of 8 years and an estimated salvage value of $1,800. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals:
When originally purchased, a vehicle costing $23,940 had an estimated useful life of 8 years and...
When originally purchased, a vehicle costing $23,940 had an estimated useful life of 8 years and an estimated salvage value of $2,100. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals:
0.). Howard Inc. acquired a new machine on January 1 at a cost of $80,000. It was estimated to have a useful life of 10...
0.). Howard Inc. acquired a new machine on January 1 at a cost of $80,000. It was estimated to have a useful life of 10 years and a residual salvage value of $20,000. Straight-line depreciation was used. On January 1, following six full years of use of the machinery, management decided that the estimate of useful life had been too long and that the machinery would have to be retired after three years, that is, at the end of the...
When originally purchased, a vehicle had an estimated useful life of 8 years. The vehicle cost $43,000 and its e...
When originally purchased, a vehicle had an estimated useful life of 8 years. The vehicle cost $43,000 and its estimated residual value is $3,000. After 3 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 4 years and there was no change in the estimated residual value. The Depreciation Expense in year 4 is Multiple Choice 3) $10,000 $25.000 5972 Multiple Choice o $10,000 o $25,000 o $9725 o $6.525
When originally purchased, a vehicle costing $23,580 had an estimated useful life of 8 years and...
When originally purchased, a vehicle costing $23,580 had an estimated useful life of 8 years and an estimated salvage value of $1,900. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: Multiple Choice $2,878.00. $2,710.00. $5,420.00. $10,840.00. $5,588.00.
When originally purchased, a vehicle costing $25,380 had an estimated useful life of 8 years and...
When originally purchased, a vehicle costing $25,380 had an estimated useful life of 8 years and an estimated salvage value of $2,900. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: Multiple Choice О 35788.00. o o O sa978 008 o o $5,620.00
28) When originally purchased, a vehicle costing $26.460 had an estimated useful life of 8 years and an estimated salvage value of $3500. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: A) S3038.00. B) $11,480.00. C) $5908.00. D) $5740.00 E) $2870.00. 29) Lima Enterprises purchased a depreciable asset for $29.000 on...
Select the correct answer
Q1
At end of the day, the cash register's record shows $155, but
the count of cash in the cash register is $150. The correct entry
to record the cash sales for the day is:
Q2
A company receives a 10%, 60-day note for $2,400. The total
interest due upon the maturity date is:
Q3
A machine that originally had an estimated useful life of 8
years, but after 3 complete years, it was decided that...
0.). Howard Inc. acquired a new machine on January 1 at a cost of $80,000. It was estimated to have a useful life of 10 years and a residual salvage value of $20,000. Straight-line depreciation was used. On January 1, following six full years of use of the machinery, management decided that the estimate of useful life had been too long and that the machinery would have to be retired after three years, that is, at the end of the...
When originally purchased, a vehicle had an estimated useful life of 8 years. The vehicle cost $43,000 and its estimated residual value is $3,000. After 3 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 4 years and there was no change in the estimated residual value. The Depreciation Expense in year 4 is Multiple Choice 3) $10,000 $25.000 5972 Multiple Choice o $10,000 o $25,000 o $9725 o $6.525
When originally purchased, a vehicle costing $25,380 had an estimated useful life of 8 years and an estimated salvage value of $2,900. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: Multiple Choice О 35788.00. o o O sa978 008 o o $5,620.00
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