Calculate the total cost, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the nearest cent.) Cost Shipping Charges Setup Charges Total Cost Salvage Value Estimated Useful Life (years) Total Depreciation Annual Depreciation $76,400 $1,500 $750 $ $4,500 11 $ $

Calculate the total cost, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the nearest cent.) Cost Shipping Charges Setup Charges Total Cost Salvage Value Estimated Useful Life (years) Total Depreciation Annual Depreciation $76,400 $1,500 $750 $ $4,500 11 $ $

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Cost	Shipping Charges	Setup Charges	Total Cost	Salvage Value	Estimated Useful Life (years)	Total Depreciation	Annual Depreciation
$76,400	$1,500	$750	$	$4,500	11	$	$

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The following are probable salvage value estimates for an asset: $4,500 with a probability of 33%, and $7,800 with a probability of 67%. Compute the "expected" salvage value of the asset. OA. $5,589 OB. $6,150 OC. $3,741 OD. $6,711
Asset purchased for $900,000. The expected life is 5 years. salvage value is $100,000. what is the Fourth year depreciation using the straight line method.
On 1/1/2020 you have purchased an asset with for $50,000. You estimate the useful life to be 5 years and the salvage value to be $10,000. A) Using straight line depreciation, fill in the estimated depreciation schedule below. B) Now using accelerated depreciation (1.5X declining balance), fill in the estimated depreciation schedule below. C) On 12/31/2020 which method will report more net income, and by how much? Assume the tax rate is 40%. D) Assume that on 1/1/2021, you choose to sell the asset. You receive 40,000 in cash. Report the gain or loss under each depreciation method. (Circle one and Fill in the blank) Straight Line Depreciation: GAIN or LOSS Amount: 1.5X Accelerated Depreciation: GAIN or LOSS Amount:
answer in text form please (without image)
Q: Calculate the rate of depreciation and depreciation using the straight-line method. ABC purchased truck on January1, 2020 for Rs=26,000, Expected residual value, Rs= 2,000, Estimated useful life= 5 years. XYZ purchased a plane January1, 2020 for Rs1,000,000, Expected residual value, Rs= 50,000, Estimated useful life= 5 years.
For equipment that has a first cost of $17,500, the estimated operating costs and year-end salvage values are as shown. Year Operating Cost, $ Salvage Value, $ 1 -1,000 7,000 2 -1,200 5,000 -1,300 4,500 -2,000 3,000 -3,000 2,000 Determine the economic service life ESL, at /= 10% per year using factors. The economic service life ESL, is years with the AW = $- SEN 3 4 5
Complete using the Method a Asset Sewing Machine Units of of depreciation ( Round to OF Cent When necissary) Cost $10,200 $1,700 production nearest tenth Salvage Value units of Depreciation. Useful Life per unit 170,000 Grams
Prepare the journal entry to record TWO of the following scenarios. Please be sure to identify which scenarios you have selected. (a) Discarding of Machine #1: Original cost, $25,000; accumulated depreciation, $20,000. (b) Sale of Machine #2: Original cost, $50,000; accumulated depreciation, $35,000; sold for $18,000 cash. (c) Sale of Machine #3: Original cost, $75,000; accumulated depreciation, $65,000; sold for $4,000 cash.
A truck acquired at a cost of $60,000 has an estimated residual value of $2,000, has an estimated useful life of 200,000 miles, and was driven 15,000 miles during the year. Determine the following. If required, round your answer for the depreciation rate to 2 decimal places. Line Item Description Amount (a) The depreciable cost $fill in the blank 1 (b) The depreciation rate $fill in the blank 2 per mile (c) The units-of-activity depreciation for the year $fill in the blank 3
For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight-line and DDB for double-declining-balance. Residual Service Life Depreciation Depreciation Asset Cost Value (Years) Method (Year 2) A $28,000 5 DDB $24,000 B 56,000 8 SL 5,300 C 81,000 6,000 SL 5,000 D 246,000 18,000 10 22,800 E 208,000 28,000 8 DDB
What is the depreciation deduction, using 200% DB method, after year 4 for an asset that costs #52811 and has an estimated salvage value of $7,000 at the end of its 5-year useful life? Round your answer to 2 decimal places. Add your answer
Q2) A machine was purchased for a sum of 393,000$ having useful life of 13 years. How to account the level of depreciation under Sum of years Digits Method? Note: Salvage Value =39,000$. Brief the final results in short a table and highlighting of (Depreciation Expense and Accumulated Depreciation)?

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