A refrigerator used by a wholesale warehouse has a cost of $99,800, an estimated residual value of $5,300, and an estimated useful life of 10 years. What is the amount of the annual depreciation computed by the straight-line method?fill in the blank 1 of 1$
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A refrigerator used by a wholesale warehouse has a cost of $99,800, an estimated residual value of $5,300, and an estimated useful life of 10 years.
What is the amount of the annual
fill in the blank 1 of 1$
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- A refrigerator used by a warehouse has a cost of $66,700, an estimated residual value of $5,100, and an estimated useful life of 14 years. What is the amount of the annual depreciation computed by the straight-line method?Consider the following data on an automobile:Cost basis of the asset(l)= $10,000;Useful life (N) = 5 years;Estimated salvage value (S) = $2,000.Compute the annual depreciation allowances and the resulting book values using the straight-line depreciation method.A refrigerator used by a wholesale warehouse has a cost of $82,000, an estimated residual value of $6,200, and an estimated useful life of 8 years. What is the amount of the annual deprecdiation computed by the straight-line method? %24
- 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 building with a cost of $170,000 has an estimated residual value of $32,000, has an estimated useful life of 9 years, and is depreciated by the straight-line method. What is the amount of the annual depreciation?A building with a cost of $112,500 has an estimated residual value of $22,500, has an estimated useful life of 9 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation?$ b. What is the book value at the end of the fifth year of use?$ c. If at the start of the sixth year it is estimated that the remaining life is 5 years and that the residual value is $2,500, what is the depreciation expense for each of the remaining 5 years?$
- What is the amount of depreciation, using the double decaying balance method for the second year of use for equipment costing $9000 with an estimated residual value of $600 an estimated life of three years?A building with a cost of $1,125,000 has an estimated residual value of $225,000, has an estimated useful life of 36 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations.fill in the blank 1 of 1$ b. What is the book value at the end of the twentieth year of use?fill in the blank 1 of 1$ 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 $45,000, what is the depreciation expense for each of the remaining 20 years?fill in the blank 1 of 1$A building with a cost of $247,500 has an estimated residual value of $49,500, has an estimated useful life of 9 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations. $ b. What is the book value at the end of the fifth year of use? $ c. If at the start of the sixth year it is estimated that the remaining life is 5 years and that the residual value is $12,500, what is the depreciation expense for each of the remaining 5 years?
- A utility vehicle purchased by Knox industries should last 110,000 miles .  the accusation cost was 21,200 and the salvage value is 1,913. Using the units of production depreciation method given the annual usage information calculate the accumulated depreciation at the end of year to round your depreciation per unit to three decimal places run your answer to the nearest cent.  year one 22,029.  Your two 22,724.  Year 3 23,420. year 4 23,188.  Answer key A.3,976.70 B.4,098.50 C.7,831.78 D.13,368.23 A lathe machine has an estimated salvage value of P10,000 at the end of its useful life of 8 yrs. Compute the first cost of the machine if the total depreciation at the end of 4th year using double declining balance method is P957,031.25.Answer the following questions related to depreciation expense calculation. Be sure to read each question carefully. NOTE: (Round Each Answer to the Nearest dollar, Do NOT use any Commas, Dollar Signs or Periods. - Example 6000). 1. A machine with a useful life of 12 years and residual value of $10,000 was purchased for $120,000 on January 1. What is the annual depreciation expense using the straight line method? 2. A truck with a useful life of 7 years and a residual value of $0 was purchased for $49,000 on January 1. What is depreciation expense in year 5 under the straight line method? 3. A machine with a useful life of 5 years and residual value of $2,000 was purchased for $30,000 on January 1. What is the depreciation expense in year 2 using the double declining balance method? 4. A Semi-Truck with a useful life of 7 years and residual value of $50,000 was purchased for $225,000 on January 1. What is the depreciation expense for year 2 using the double declining balance? (NOTE:…