A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?
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A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of 4 years or 18,000 hours. What is the amount of
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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.A machine with a cost of $65,000 has an estimated residual value of $5,000 and an estimated life of 5 years or 18,000 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?A machine with a cost of $50,000 has an estimated residual value of $5,000 and an estimated useful life of 10 years. What is the amount of annual depreciation computed by the straight-line method?
- A machine with a cost of $75,000 has an estimated residual value of $5000 and an estimated life before his years or 18,000 hours. What is the amount of depreciation for the second full year, using the double declining balance method?A machine with a cost of $66,200.00 has an estimated residual value of $3,201.00 and an estimated life of 5 years or 18,256 hours. What is the amount of depreciation for the second full year, using the double declining-balance method? Select the correct answer. a.) $15,888.00 b.) $26,480.00 c.) $13,240.00 d.) $25,199.60A machine with a cost of $67,600.00 has an estimated residual value of $3,188.00 and an estimated life of 5 years or 15,868 hours. What is the amount of depreciation for the second full year, using the double declining-balance method? Select the correct answer. $25,764.80 $13,520.00 $16,224.00 $27,040.00
- A machine has a cost of $15,300, an estimated residual value of $3,960, and an estimated useful life of seven years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation? (Do not round your intermediate calculations. Round annual depreciation amount to the nearest dollar amount.)A machine with a cost of 120,000 has an estimated residual value of 15,000 and an estimated life of five years or 15000 hours. It is to be depreciated by the units of output method. What is the amount of depreciation for the second full year, during which the machine was used 5000 hours?A machine with a cost of $120,000 has an estimated residual value of $15,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours?
- A machine costing P720,000.00 is estimated to have a life of 10 years. If the annual rate of depreciation is 25%, determine the total depreciation using the constant percentage or declining balance methodA machine with a cost of $120,000 has an estimated residual value of $15,000 and an estimated life of 5 years or 15,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the second full year, during which the machine was used 5,000 hours?A machine, purchased for $50,000, has a depreciable life of five years. It will have an expected salvage value of $4,500 at the end of the depreciable life. Find the yearly depreciation, Book value every year using the following methods. 1. Straight Line Method 2. Declining balance method a = 130% 3. Double declining balance method 4. Sum of year digit. 5. If the machine has a capacity of 50,000 units for its life span. What is the depreciation and book value if the machine produces 20,000 units, 15,000 units, 10,000 units, 3,000 units and 2,000 units yearly from year 1 to 5 accordingly.
