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- On January 1, Brando Corp. purchased a machine costing $35,989. The expected useful life of the machine is 5 years and the residual value is $4,461. How much is the annual depreciation expense assuming use of the straight-line depreciation method? Provide your answer to the nearest whole dollar (i.e., No decimal places.)CVM Inc bought a machine for $22,000. Its estimated life is 4 years with a residual value of $1,000. Using the straight-line method, what is the book value of the machine at the end of year 2? What is the book value?The Sirap Co. bought a new machine at a cost of $200000. The residual value Is at $20000, useful life is 4 years, productive output is 15000 units. The units For year One at 4000, and year Two at 5000. Required: Using the above data calculate the depreciation expense for years One and Two using these FOUR Methods: Straight Line, Sum of the Years Digits, Double Declining Balance, and Productive Output
- Copy equipment was acquired at the beginning of the year at a cost of $21,500 that has an estimated residual value of $2,000 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 975,000 copies. This year, 265,000 copies were made. a. Determine the depreciable cost. $ b. Determine the depreciation rate. Round your answer to two decimal places. $ per copy c. Determine the units-of-activity depreciation for the year.Copy equipment was acquired at the beginning of the year at a cost of $52,140 that has an estimated residual value of $4,700 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,186,000 copies. This year, 239,000 copies were made. a. Determine the depreciable cost.$fill in the blank 1 b. Determine the depreciation rate. Round your answer to two decimal places.$fill in the blank 2 per copy c. Determine the units-of-output depreciation for the year.$fill in the blank 3Ane barcode reading device has an instated cost basis of $21,760 and an estimated service life of seven years it will have a zero salvage valun at that time. The 150% deckning balance method is used to depreciate this asset a. What will the depreciation charge be in yearseven? b. What is the book value at the end of years? e What is the gain (or loss) on the disposal of the device if it is sold for $900 after six years? a. The depreciation charge in year soven will be $(Round to the nearest dollar) CETTE
- Copy equipment was acquired at the beginning of the year at a cost of $37,120 that has an estimated residual value of $3,400 and an estimated useful life of 5 years. It is estimated that the machine will output an estimated 1,124,000 copies. This year, 295,000 copies were made. a. Determine the depreciable cost. $4 b. Determine the depreciation rate. Round your answer to two decimal places. per copy c. Determine the units-of-output depreciation for the year. $4 %24 %24MNVK Corp. purchased a computer system at a cost of $140,000 on January 1, 20X1. The estimated useful life is 10 years, and the estimated residual value is $10,000. Assuming MNVK uses the double-declining-balance method, what is the depreciation expense for 20X2? Select one: a. $22,800 b. $28,000 c. $26,000 d. $22,400 e. $20,800Company A owns an equipmet that costs P510940 . After 8 years, it will have a salvage value of P23794 . Compute the book value at the end of 3 years using the double rate declining method Use 2 decimal values,
- Your firm bought a machine for $5,000 on 1 January 20X1, which had an expected useful life of four years and an expected residual value of $1,000; the asset was to be depreciated on the straight-line basis. The firm's policy is to charge depreciation in the year of disposal. On 31 December 20X3, the machine was sold for $1,600. What amount should be entered in the 20X3 statement of profit or loss and other comprehensive income for profit or loss on disposal?A copy machine was purchased for $28,000. It is estimated that the machine will have a useful life of 4 years and a residual value of $4,000. It is estimated that the machine will make 2,000,000 copies. Using the units-of-activity method to depreciate the copy machine, how much will be depreciated if during the first year 550,000 copies were made? a. $24,000 Ob. $7,700 Oc. $6,600 d. $6,000A copy machine acquired with a cost of $1,410 has an estimated useful life of 4 years. It is also expected to have a useful operating life of 13,350 copies. Assuming that it will have a residual value of $75, determine the depreciation for the first year by the following methods: For part a, enter your answer to two decimal places. a. Straight-line method $fill in the blank 1 b. Double-declining-balance method $fill in the blank 2 c. Units-of-activity method (4,500 copies were made the first year) $fill in the blank 3