Question
A machine costs 30000 and it is estimated that it will be used for for 6...
A machine costs 30000 and it is estimated that it will be used for for 6 years.The estimated salvage value is 6,000 for this purchase. If the straight line depreciation is used, what will the remaining book value balance at the end of year 4? (Note: Find Bn remaining balance after calculating the annual deprecation allowance)
Select one:
a. 8000
b. 16000
c. 11000
d. 14400
e. 10000
f. 14000
Homework Answers
Answer #1
Book value at the end of year 4 after
calculating annual depreciation allowance = 14,000
Option : f is correct.
Not the answer you're looking for?
Similar Questions
Apex Fitness Club uses straight-line depreciation for a machine costing $23,860, with an estimated four-year life...
Apex Fitness Club uses straight-line depreciation for a machine
costing $23,860, with an estimated four-year life and a $2,400
salvage value. At the beginning of the third year, Apex determines
that the machine has three more years of remaining useful life,
after which it will have an estimated $2,000 salvage value.
Required:
1. Compute the machine’s book value at the end of its second
year.
2. Compute the amount of depreciation for each of the final three
years given...
Apex Fitness Club uses straight-line depreciation for a machine costing $26,700, with an estimated four-year life...
Apex Fitness Club uses straight-line depreciation for a machine
costing $26,700, with an estimated four-year life and a $2,850
salvage value. At the beginning of the third year, Apex determines
that the machine has three more years of remaining useful life,
after which it will have an estimated $2,400 salvage value.
Required:
1. Compute the machine’s book value at the end of
its second year.
2. Compute the amount of depreciation for each of
the final three years given the...
ABC Co. acquired a new machine that cost $84,000 in early 2016. The machine is expected...
ABC Co. acquired a new machine that cost $84,000 in early 2016.
The machine is expected to have a five year useful life and is
estimated to have a salvage value of $14000 at the end of the its
life.
A) using the straight-line depreciation method, calculate the
depreciation to be recognized in the seconf year of the machine's
life and calculate the accumulated depreication after the 3rd
year.
B) Using the double-devlinging-balance depreciation method,
calculate the dep. expense for...
A surface mount placement machine is being purchased for $1631000; it has an estimated useful life...
A surface mount placement machine is being purchased for
$1631000; it has an estimated useful life of 8 years and a salvage
value of $63800 at that time. Determine the depreciation allowance
for the 5th year and the book value at the end of the 5th year
using Declining Balance where the depreciation rate is determined
by the salvage value and time in service.
what is the depreciation rate? %
d5 = $
B5 = $
A surface mount placement machine is being purchased for $1465000; it has an estimated useful life...
A surface mount placement machine is being purchased for
$1465000; it has an estimated useful life of 8 years and a salvage
value of $90400 at that time. Determine the depreciation allowance
for the 5th year and the book value at the end of the 5th year
using Declining Balance where the depreciation rate is determined
by the salvage value and time in service.
what is the depreciation rate? %
d5 =
B5 =
A surface mount placement machine is being purchased for $1576000; it has an estimated useful life...
A surface mount placement machine is being purchased for
$1576000; it has an estimated useful life of 8 years and a salvage
value of $58900 at that time. Determine the depreciation allowance
for the 5th year and the book value at the end of the 5th year
using Declining Balance where the depreciation rate is determined
by the salvage value and time in service. what is the depreciation
rate?
%
d5 = $
B5 = $
Apex Fitness Club uses straight-line depreciation for a machine costing $25,300, with an estimated four-year life...
Apex Fitness Club uses straight-line depreciation for a machine
costing $25,300, with an estimated four-year life and a $2,250
salvage value. At the beginning of the third year, Apex determines
that the machine has three more years of remaining useful life,
after which it will have an estimated $1,800 salvage value.
Required:
1. Compute the machine’s book value at the end of
its second year.
2. Compute the amount of depreciation for each of
the final three years given the...
A surface mount placement machine is being purchased for $1986000; it has an estimated useful life...
A surface mount placement machine is being purchased for
$1986000; it has an estimated useful life of 8 years and a salvage
value of $90000 at that time. Determine the depreciation allowance
for the 5th year and the book value at the end of the 5th year
using Double Declining Balance.
what is the depreciation rate? %
d5 = $
B5 = $
Blossom Corporation purchased a machine on January 2, 2020, for $5000000. The machine has an estimated...
Blossom Corporation purchased a machine on January 2, 2020, for
$5000000. The machine has an estimated 5-year life with no salvage
value. The straight-line method of depreciation is being used for
financial statement purposes and the following MACRS amounts will
be deducted for tax purposes:
2020
$1000000
2023
$575000
2021
1600000
2024
575000
2022
960000
2025
290000
Assuming an income tax rate of 20% for all years, the net deferred
tax liability that should be reflected on Blossom's balance sheet...
The machine that was used to produce notebooks cost $750,000 when it was purchased new one...
The machine that was used to produce notebooks cost
$750,000 when it was purchased new one year ago. It has an
expected life span of 10 years. The income statement showed the
straight line deprecation rate as 10%.
Using double declining balance depreciation, the book
value of the machine at the end of year two is
__________.
a.)$330,000
b.)$480,000
c.)$600,000
d.)$150,000
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 44 seconds ago
asked 13 minutes ago
asked 15 minutes ago
asked 20 minutes ago
asked 24 minutes ago
asked 33 minutes ago
asked 39 minutes ago
asked 44 minutes ago
asked 45 minutes ago
asked 52 minutes ago
asked 1 hour ago
asked 1 hour ago