Question
Revision of Depreciation A building with a cost of $495,000 has an estimated residual value of...
Revision of Depreciation A building with a cost of $495,000 has an estimated residual value of $99,000, has an estimated useful life of 18 years, and is depreciated by the straight-line method.
a. What is the amount of the annual depreciation?
b. What is the book value at the end of the tenth year of use?
c. If at the start of the eleventh year it is estimated that the remaining life is 10 years and that the residual value is $25,000, what is the depreciation expense for each of the remaining 10 years? $
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
Revision of Depreciation Equipment with a cost of $492,800 has an estimated residual value of $44,800,...
Revision of Depreciation Equipment with a cost of $492,800 has
an estimated residual value of $44,800, has an estimated useful
life of 32 years, and is depreciated by the straight-line method.
a. Determine the amount of the annual depreciation. $fill in the
blank 1 b. Determine the book value after 18 full years of use.
$fill in the blank 2 c. Assuming that at the start of the year 19
the remaining life is estimated to be 19 years and...
Revision of Depreciation Equipment with a cost of $379,700 has an estimated residual value of $40,700,...
Revision of Depreciation Equipment with a cost of $379,700 has
an estimated residual value of $40,700, has an estimated useful
life of 15 years, and is depreciated by the straight-line method.
a. Determine the amount of the annual depreciation. $ b. Determine
the book value after 5 full years of use. $ c. Assuming that at the
start of the year 6 the remaining life is estimated to be 14 years
and the residual value is estimated to be $39,900,...
Equipment with a cost of $649,900 has an estimated residual value of $74,800, has an estimated...
Equipment with a cost of $649,900 has an estimated residual
value of $74,800, has an estimated useful life of 27 years, and is
depreciated by the straight-line method.
a. Determine the amount of the annual
depreciation.
$
b. Determine the book value after 12 full years
of use.
$
c. Assuming that at the start of the year 13
the remaining life is estimated to be 21 years and the residual
value is estimated to be $73,000, determine the depreciation...
Equipment with a cost of $423,100 has an estimated residual value of $48,700, has an estimated...
Equipment with a cost of $423,100 has an estimated residual
value of $48,700, has an estimated useful life of 32 years, and is
depreciated by the straight-line method.
a. Determine the amount of the annual
depreciation.
$
b. Determine the book value after 19 full years
of use.
$
c. Assuming that at the start of the year 20
the remaining life is estimated to be 20 years and the residual
value is estimated to be $40,800, determine the depreciation...
Equipment with a cost of $80,989.00, an estimated residual value of $6,709.00, and an estimated life...
Equipment with a cost of $80,989.00, an estimated residual value
of $6,709.00, and an estimated life of 13 years was depreciated by
the straight-line method for 6 years. Due to obsolescence, it was
determined that the remaining useful life should be shortened by 3
years and the residual value changed to zero. The depreciation
expense for the current and future years is
Select the correct answer.
$11,676.48
$5,189.55
$3,592.76
$34,283.08
Equipment with a cost of $61,425, an estimated residual value of $2,925, and an estimated life...
Equipment with a cost of $61,425, an estimated residual value of
$2,925, and an estimated life of 15 years was depreciated by the
straight-line method for 7 years. Due to obsolescence, it was
determined that the remaining useful life should be shortened by 5
years and the residual value changed to zero. The depreciation
expense for the current and future years is
a.$11,375
b.$2,844
c.$27,300
d.$2,275
A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful...
A machine that cost $400,000 has an estimated residual value of
$40,000 and an estimated useful life of four years. The company
uses straight-line depreciation. Required:
1. Calculate the machine's depreciable cost.
2. Calculate the amount of depreciation expense that will be
taken on the machine each year.
3. Calculate the machine's accumulated depreciation and book
value at the end of each year.
An asset was purchased for $57,000 and originally estimated to have a useful life of 10...
An asset was purchased
for $57,000 and originally estimated to have a useful life of 10
years with a residual value of $4,100. After two years of
straight-line depreciation, it was determined that the remaining
useful life of the asset was only 2 years with a residual value of
$1,640.
a.
Determine the amount of the annual depreciation for the first two
years.
$
b.
Determine the book value at the end of Year 2.
$
c.
Determine the depreciation...
An asset that cost $72,000 has a current book value of $42,000. A revision of the...
An asset that cost $72,000 has a current book value of $42,000.
A revision of the useful life of the asset estimates the asset has
a remaining useful life of four years and will have a salvage value
of $12,600. Using the straight-line method, calculate the revised
annual depreciation.
__________________________________________________________
1
2
3
4
5
6
7
8
9
10
Working Paper (Optional)
A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful...
A machine that cost $400,000 has an estimated residual value of
$40,000 and an estimated useful life of four years. The company
uses double-declining-balance depreciation. Required:
1. Calculate the machine's depreciable cost.
2. Calculate the machine's depreciation expense for each
year.
3. Calculate the machine's accumulated depreciation and book
value at the end of each year.
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 18 minutes ago
asked 21 minutes ago
asked 41 minutes ago
asked 46 minutes ago
asked 56 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago