Revision of Depreciation Equipment with a cost of $240,000 has an estimated residual value of $18,600, has an estimated useful life of 12 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. b. Determine the book value at the end of the tenth year of use. C. Assuming that at the start of the eleventh year the remaining life is estimated to be four years and the residual value is estimated to be $4,800, determine the depreciation expense for each of the remaining four years.
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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.Revision of Depreciation Equipment with a cost of $180,000 has an estimated residual value of $14,400, has an estimated useful life of 16 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. b. Determine the book value at the end of the tenth year of use. c. Assuming that at the start of the eleventh year the remaining life is estimated to be eight years and the residual value is estimated to be $10,500, determine the depreciation expense for each of the remaining eight years.Revision of Depreciation Equipment with a cost of $687,600 has an estimated residual value of $68,100, has an estimated useful life of 35 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. b. Determine the book value after 18 full years of use. c. Assuming that at the start of the year 19 the remaining life is estimated to be 21 years and the residual value is estimated to be $56,100, determine the depreciation expense for each of the remaining 21 years.
- Revision of Depreciation Equipment with a cost of $354,500 has an estimated residual value of $38,000, has an estimated useful life of 15 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. 21,100 V b. Determine the book value after 10 full years of use. c. Assuming that at the start of the year 11 the remaíning life is estimated to be 8 years and the residual value is estimated to be $38,700, determine the depreciation expense for each of the remaining 8 years. Feedback Check My Viork Straight-line depreciation allocates the depreciable cost of the asset equally over the expected useful life. The book value is the foxed asset cost less accumulated depreciation. Revising depreciation is necessary when estimates of residual values and/or useful lives of foced assets change due to abnormal wear and tear or obsolescenceRevision of Depreciation Equipment with a cost of $180,000 has an estimated residual value of $14,400, has an estimated useful life of 16 years, and is depreciated by the straight- line method. a. Determine the amount of the annual depreciation. $4 b. Determine the book value at the end of the tenth year of use. $ C. Assuming that at the start of the eleventh year the remaining life is estimated to be eight years and the residual value is estimated to be $10,500, determine the depreciation expense for each of the remaining eight years.Revision of depreciation Equipment with a cost of $354,400 has an estimated residual value of $40,800, has an estimated useful life of 32 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. 9,800 ✔ b. Determine the book value after 18 full years of use. $ 178,000 ✓ c. Assuming that at the start of the year 19 the remaining life is estimated to be 18 years and the residual value is estimated to be $34,000, determine the depreciation expense for each of the remaining 18 years.
- Revision of Depreciation Equipment with a cost of $180,000 has an estimated residual value of $14,400, has an estimated useful life of 16 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. %$4 10,350 V b. Determine the book value at the end of the tenth year of use. %24 C. Assuming that at the start of the eleventh year the remaining life is estimated to be eight years and the residual value is estimated to be $10,500, determine the depreciation expense for each of the remaining eight years. %$4 FeedbackA piece of equipment is purchased for $40,000 and has an estimated salvage value of $1,000 at the end of the recovery period. Prepare a depreciation schedule for the piece of equipment using the straight-line method, the sum-of-the-years method, and the 200% declining-balance method with a recovery period of five years. Compare these depreciation methods in a graph.Revision of Depreciation A building with a cost of $630,000 has an estimated residual value of $126,000, has an estimated useful life of 36 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 twentieth year of use? c. If at the start of the twenty-first year it is estimated that the remaining life is 20 years and that the residual value is $30,000, what is the depreciation expense for each of the remaining 20 years?
- Revision of Depreciation Equipment with a cost of $748,000 has an estimated residual value of $68,000, has an estimated useful life of 25 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation.$fill in the blank 1 b. Determine the book value at the end of the 11 full years of use.$fill in the blank 2 c. Assuming that at the start of the year 12 the remaining life is estimated to be 17 years and the residual value is estimated to be $71,400, determine the depreciation expense for each of the remaining 17 years.Revision of Depreciation A building with a cost of $506,250 has an estimated residual value of $101,250, has an estimated useful life of 27 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 fifteenth year of use? c. If at the start of the sixteenth year it is estimated that the remaining life is 15 years and that the residual value is $26,250, what is the depreciation expense for each of the remaining 15 years?Electrical equipment has a first cost of $42000 and an estimated salvage value of $12000 after 5years . Calculate the depreciation amount and book value at the end of the second and fifth years using the straight line (SL) depreciation schedule method. Assume I =9%