Pedro Company has $181,000 of machinery being depreciated over 5 years. There is no estimable residual value after that. After taking 2 years depreciation, Pedro realizes the equipment is clearly going to last another 4 years and the estimated residual value remains unchanged. Required 1: What depreciation expense will Pedro record in year 2 when using the straight line method? $ 36200 Required 2: What depreciation expense will Pedro record in year 3 when using the straight line method? $ 27150 Required 3: What depreciation expense will Pedro record in year 2 when using the declining balance method? $ Required 4: What depreciation expense will Pedro record in year 3 when using the declining balance method? $ | Required 5: What depreciation expense will Pedro record in year 2 when using the double declining balance method? $ Required 6: What depreciation expense will Pedro record in year 3 when using the double declining balance method? $ 36200

Pedro Company has $181,000 of machinery being depreciated over 5 years. There is no estimable residual value after that. After taking 2 years depreciation, Pedro realizes the equipment is clearly going to last another 4 years and the estimated residual value remains unchanged. Required 1: What depreciation expense will Pedro record in year 2 when using the straight line method? $ 36200 Required 2: What depreciation expense will Pedro record in year 3 when using the straight line method? $ 27150 Required 3: What depreciation expense will Pedro record in year 2 when using the declining balance method? $ Required 4: What depreciation expense will Pedro record in year 3 when using the declining balance method? $ | Required 5: What depreciation expense will Pedro record in year 2 when using the double declining balance method? $ Required 6: What depreciation expense will Pedro record in year 3 when using the double declining balance method? $ 36200

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

what is 2 plus eight ?
Please provide solutions to sub parts 4 to 7
I need help with questions 1 and 2
What number is cell D4 referring to on the first part of the question?
Question 3. Define what is Riba & describe two types of Riba with example for each.
Current Attempt in Progress The following information is available for Marin Company. Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales revenue (a) January 1, 2022 $17,600 eTextbook and Media 11,400 22,700 2022 $126,000 184,800 151,200 764,400 December 31, 2022 $25,200 14,500 17,640 Compute cost of goods manufactured. (Assume that all raw materials used were direct materials.) MARIN COMPANY Cost of Goods Manufactured Schedule QUO Attempte:0 of 3 used Submit Answer
Could someone answer the following two questions 4 and 5? Thank you
since due to Q&A guidelines, you must answer the first three sub-parts, could you please answer to questions 4, 5 and 6, please? thank you
Would you please provide the answer for #4 as well? Thank you!
please do 7.4 -7.5 thank you .
Explain what is included in Form 10-Q and why is it needed.
What is a double-entry? Give an example?