A bulldozer was purchased for $ 112,700. It has an estimated life of 20 years and a scrap value of $ 16,000. Use the straight - line method to find the annual depreciation.
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A bulldozer was purchased for $ 112,700. It has an estimated life of 20 years and a scrap value of $ 16,000. Use the straight - line method to find the annual
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- A machine with a cost of $750,000 has an estimated salvage value of $100,000) and an estimated useful life of 5 years or 30,000 hours. It is to be depreciated using the units-of-activity method of depreciation. The machine was used for 7,000 hours in the first year and 9,000 hours in the second year. Calculate the depreciation expense for the second year using the units of activity method. (Please round answer to the nearest dollar, i.e. 3,078.666 would be entered as 3,079)A machine has been purchased at 3,00,000 with estimated salvage value of 30,000 at the end of its service life of 12 years. Find out depreciation amount and book value of the machine for various years with the help of straight line method of depreciation.A company that manufactures pulse Doppler insertion flow meters uses the straight line method for book depreciation purposes. Newly acquired equipment has a first cost of $170,000 with a 3-year life and $20,000 salvage value. Determine the depreciation charge and book value for year two.
- A company that manufactures pulse Doppler insertion flow meters uses the Straight Line method for book depreciation purposes. Newly acquired equipment has a first cost of $160,000 with a 3-year life and a $19,000 salvage value. Determine the depreciation charge and a book value for year 2. The depreciation charge is $ The book value for year 2 is determined to be $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?An asset was purchased at a cost of P7,000. It was estimated to have a useful life of ten years with a salvage value of P800 at the end of the time. Determine the total depreciation one year before it was sold using the straight line method.
- At the beginning of the current year, a company purchased and placed in service a machine with a cost of $240,000. The company estimated the machine’s useful life to be five years or 60,000 units of output with an estimated salvage value of $60,000. During the current year, 15,000 units were produced. Show your work below and then record the entries in the journal Calculate the depreciation using the: Straight-line method of depreciation Units-of-production method of depreciation Prepare the necessary December 31 adjusting entry to record depletion for the current year using the general journal.Flint Company acquires a delivery truck at a cost of $48,000. The truck is expected to have a salvage value of $11,000 at the end of its 10-year useful life.Compute annual depreciation expense for the first and second years using the straight-line method.Corales Company acquires a delivery truck at a cost of $38,000. The truck is expected to have a salvage value of $6,000 at the end of its 4-year useful life. Compute annual depreciation expense for the first and second years using the straight-line method.
- A machine was purchased at an amount of 8 million dinars for the construction works, noting that the machine's extinction period is 10 years. Calculate the annual depreciation and the final value according to the straight-line method and the years numbers method and draw the depreciation line with the period for the two methods?XYZ Inc. has purchased a piece of equipment for $26,000. The equipment will be depreciated straight-line over 6 years to a salvage value of $5,000. Compute the annual depreciation expenseA building which was constructed for Php 1,000,000 has an estimated life of 15 years and a salvage value of Php 100,000. Use the straight line method to find the depreciation charge per year and construct a depreciation schedule.
