Computer equipment was acquired at the beginning of the year at a cost of $78,900 that has an estimated residual value of $3,000 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. $
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- A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years. Prepare depreciation schedules reporting the depreciation expense, accumulated depreciation, and book value of the machine for each year under the double-declining-balance and sum-of-the-years-digits methods. For the double-declining-balance method, round the depreciation rate to two decimal places.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.Computer equipment was acquired at the beginning of the year at a cost of $76,200 that has an estimated residual value of $3,700 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. AA ?
- 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$Computer equipment was acquired at the beginning of the year at a cost of $71,900. It had an estimated residual value of $4,500 and an estimated useful life of five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation. a. Depreciable cost $ b. Straight-line rate % c. Annual straight-line depreciation $> Computer equipment was acquired at the beginning of the year at a cost of $29,375 that has an estimated residual value of $1,800 and an estimated useful life of 5 years. a. Determine the depreciable cost. b. Determine the double-declining-balance rate. % c. Determine the double-declining-balance depreciation for the first year. LA ?
- Computer equipment was acquired at the beginning of the year at a cost of $59,800 that has an estimated residual value of $4,200 and an estimated useful life of five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation. a. Depreciable cost $fill in the blank 1 b. Straight-line rate fill in the blank 2 % c. Annual straight-line depreciationComputer equipment was acquired at the beginning of the year at a cost of $69,375 that has an estimated residual value of $4,200 and an estimated useful life of 5 years. a. Determine the depreciable cost.fill in the blank 1 of 1$ b. Determine the double-declining-balance rate.fill in the blank 1 of 1 % c. Determine the double-declining-balance depreciation for the first year.fill in the blank 1 of 1$Computer equipment was acquired at the beginning of the year at a cost of $48,125 that has an estimated residual value of $2,900 and an estimated useful life of 5 years. a. Determine the depreciable cost. 2$ b. Determine the double-declining-balance rate. % c. Determine the double-declining-balance depreciation for the first year. $
- A building acquired at the beginning of the year at a cost of $1,630,000 has an estimate residual value of $340,000 and an estimate life of 10 years. Determine the following. a. The depreciable cost $ b. The straight line rate % c. The annual straight line depreciation $Copy equipment was acquired at the beginning of the year at a cost of $62,460 that has an estimated residual value of $5,700 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 946,000 copies. This year, 267,000 copies were made. a. Determine the depreciable cost. b. Determine the depreciation rate. per copy c. Determine the units-of-output depreciation for the year.A storage tank acquired at the beginning of the fiscal year at a cost of $586,000 has an estimated residual value of $52,000 and an estimated useful life of 10 years. Determine the following: a. the amount of annual depreciation by the straight-line method and b. the amount of depreciation for the first, second, and third years computed by the double-declining-balance method. c. A diesel-powered tractor with a cost of $216,000 and estimated residual value of $39,000 is expected to have a useful operating life of 45,000 hours. During February, the generator was operated 860 hours. Determine the depreciation for the month. d. Prepare the journal entry to record the depreciation under c. above.
