A building with a cost of $170,000 has an estimated residual value of $32,000, has an estimated useful life of 9 years, and is depreciated by the straight-line method. What is the amount of the annual depreciation?
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Q: depreciation expense for year 3 would be
A: Compute the depreciation expense per year.
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- A machine with a cost of $57,300 has an estimated residual value of $3,956 and an estimated life of 5 years or 20,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?Computer equipment was acquired at the beginning of the year at a cost of $60,400 that has an estimated residual value of $4,400 and an estimated useful life of 5 years. a. Determine the depreciable cost.fill in the blank 1 of 1$ b. Determine the straight-line rate.fill in the blank 1 of 1% c. Determine the annual straight-line depreciation.fill in the blank 1 of 1$A machine with a cost of $120,000 has an estimated residual value of $15,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours?
- A machine with a cost of $50,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. What is the amount of annual depreciation computed by the straight-line method?Equipment with a cost of $798000 has an estimated salvage value of $30000 and an estimated life of 4 years or 16000 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 for 4000 hours? $207000. $192000. $204500. $199500.A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?
- You purchased a molding machine at a cost of $88,000. It has an estimateduseful life of 12 years with a salvage value of $8,000. Determine the following·:(a) The amount of annual depreciation computed by the straight-line method.(b) The amount of depreciation for the third year computed by using the doubledeclining-balance method.Computer equipment was acquired at the beginning of the year at a cost of $61,200 that has an estimated residual value of $3,300 and an estimated useful life of 5 years. a. Determine the depreciable cost. b. Determine the straight-line rate. c. Determine the annual straight-line depreciation.a storage tank acquired at the beginning of the fiscal year at a cost of 75,600 has an estimated residual value of 4000 and a estimated useful life of 20 years. a. determine the amount of annual depreciation by the straight line method b. determine the amount of depreciation for the first and second years computed by the double declining balance method . do not round the double declining balance rate. if required round answer to the nearest dollar
- Sunland Company purchased a depreciable asset for $175900. The estimated salvage value is $13900, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the asset's depreciation base?Equipment with a cost of $742,500 has an estimated residual value of $67,500, has an estimated useful life of 25 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation.fill in the blank 1 of 1$ b. Determine the book value after 13 full years of use.fill in the blank 1 of 1$ c. Assuming that at the start of the year 14 the remaining life is estimated to be 19 years and the residual value is estimated to be $70,400, determine the depreciation expense for each of the remaining 19 years.A new barcode reading device has an installed cost basis of $24,750 and an estimated service life of seven years. It will have a zero salvage value at that time. The 200% declining balance method is used to depreciate this asset. Solve, a. What will the depreciation charge be in year seven? b. What is the book value at the end of year six? c. What is the gain (or loss) on the disposal of the device if it is sold for $800 after six years?