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- Refer to the information for Cox Inc. above. What amount would Cox record as depreciation expense for 2019 if the units-of-production method were used ( Note: Round your answer to the nearest dollar)? a. $179,400 b. $184,000 c. $218,400 d. $224,000Consider the following data on an asset:Cost of the asset, I $38.000Useful life. N 6 yearsSalvage value. S $0Compute the annual depreciation allowances and the resulting book values by using the DOB method and then switching to the SL method.Consider the following data on an asset:Cost of the asset, I $38,000Useful life. N 6 YearsSalvage value. S $0 Compute the annual depreciation allowances and the resulting book values by using the DOB method and then switching to the SL method.
- Consider the following data on an asset:Cost of the asset. I $ 120,000Useful life. N 5 yearsSalvage value. S $30.000Compute the annual depreciation allowances and the resulting book valtu.:s.using the following methods:(a) The straight-line depreciation method(b) TI1e declining-balance methodFollow up questions: 1. Please explain further how did you come up with the formula 12,000x(6/11) in number 3. 2. According to the statement, it is only for the MONTH of December. P60,000 is the annual depreciation. Are you sure with your answer? Thank you!Given, Mo = Rp. 1,500,000,- i Depreciation = 5% i Interest = 8% Calculate the amount of depreciation expense and interest at the end of year 3 based on Purchase Amount
- What is an account offset against another account called? For example, if the original cost of a piece of equipment is $50,000 and the balance in the accumulated depreciation account for thee equipment is $5,000, what type of account is the accumulated depreciation account? Group of answer choices contra account fixed account accrued account current accountThe correct percentage to use to calculate the depreciation allowance for a MACRS 3-year property for Year 2 is which of the following? (a) 14.4% (b) 32.0% (c) 33.3% (d) 44.5%?Calculate the total cost, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the nearest cent.) Cost ShippingCharges SetupCharges TotalCost SalvageValue EstimatedUseful Life(years) TotalDepreciation AnnualDepreciation $800,000 0 $15,600 $ $100,000 15 $ $
- The Annual Depreciation Expense be using straight-line depreciation will be $6250, the accounts would be used in the adjusting entry for a full year of depreciation will be Debit - Depreciation Expense, Truck</> Credit - Accumulated Depreciation, Truck. 13) Under the Fixed assets section of the balance sheet, what number would we put in the "Accumulated Depreciation, Truck" section for Year # 4 if depreciation is calculated ANNUALLY (assume Jan 1st, 2019 to Dec 31st, 2019 is Year #1).How did you find the depreciation rate to be 16.67%A table was purchased for RO 1200 and the depreciation is computed at the rate of 15%. What is the book value at the end of second year by using Written down value method? a. RO 1020 b. RO 867 c. RO 180 d. RO 153