Question
In: Accounting
A copy machine acquired with a cost of $1,900 has an estimated useful life of 4...
A copy machine acquired with a cost of $1,900 has an estimated useful life of 4 years. It is also expected to have a useful operating life of 10,000 copies. Assuming that it will have a salvage value of $100, determine the depreciation for the first year and second year by the (15 points)
|
(a) |
straight-line method |
|
(b) |
double-declining-balance method |
|
(c) |
units-of-output method (4,500 copies were made the first year 3,200 copies second year) |
Solutions
ekkarill92 answered 6 months agoRelated Solutions
A copy machine acquired with a cost of $1,410 has an estimated useful life of 4...
A copy machine acquired with a cost of $1,410 has an estimated
useful life of 4 years. It is also expected to have a useful
operating life of 13,350 copies. Assuming that it will have a
salvage value of $75, determine the depreciation for the first year
and second year by the (15 points) (a) straight-line method (b)
double-declining-balance method (c) units-of-output method (4,500
copies were made the first year 3,200 copies second year
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A machine acquired on January 4, 2009, at a cost of $425,000,
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What was the amount of depreciation for the years 2009, 2010,
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Assume that the machine was sold on January 9, 2012, for
$290,000 journalize the entry to record the
sale ...
A machine acquired on January 4, 2009, at a cost of $425,000, has an estimated useful...
A machine acquired on January 4, 2009, at a cost of $425,000,
has an estimated useful life of nine years and an estimated
residual value of $65,000. (10 points)
What was the amount of depreciation for the years 2009, 2010,
and 2011, using the straight-line method of depreciation?
What was the book value of the machine on January 1,
2012?
Assume that the machine was sold on January 9, 2012, for
$290,000 journalize the entry to record the
sale ...
Equipment acquired on January 4, 2013, at a cost of $140,000, has an estimated useful life...
Equipment acquired on January 4, 2013, at a cost of $140,000,
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Blank 1: What is the book value of the equipment at December 31,
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Blank 2: Assume that the equipment was sold on July 1, 2017, for
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Equipment acquired on January 6 at a cost of $335,190, has an estimated useful life of...
Equipment acquired on January 6 at a cost of $335,190, has an
estimated useful life of 13 years and an estimated residual value
of $68,690.
Required:
a. What was the annual amount of depreciation for Years 1-3
using the straight-line method of depreciation?
b. What was the book value of the equipment on January 1 of
Year 3?
c. Assuming that the equipment was sold on January 3 of Year 4
for $256,655, journalize the entry to record the sale....
Equipment acquired on January 6 at a cost of $335,190, has an estimated useful life of...
Equipment acquired on January 6 at a cost of $335,190, has an
estimated useful life of 13 years and an estimated residual value
of $68,690. A. What was the annual amount of depreciation for the
Years 1-3 using the straight-line method of depreciation? B. What
was the book value of the equipment on January 1 of Year 4? C.
Assuming that the equipment was sold on January 3 of Year 4 for
$256,655, journalize the entry to record the sale....
Equipment acquired on January 8 at a cost of $101,300 has an estimated useful life of...
Equipment acquired on January 8 at a cost of $101,300 has an
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a. What was the book value of the equipment at
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$
b. Assume that the equipment was sold on April
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1. Journalize the entry to record depreciation
for the three months until the...
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estimated useful life of 13 years, has an estimated residual value
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$
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a.
What was the book value of the equipment at December 31 the end
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b.
Assuming that the equipment was sold on April 1 of the sixth
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Equipment acquired on January 5 at a cost of $151,710, has an estimated useful life of...
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estimated useful life of 16 years, has an estimated residual value
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fourth year? $ b. Assuming that the equipment was sold on April 1
of the fifth year for 107,900. 1. Journalize the entry to record
depreciation for the three months until the...
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