A company purchased a CNC machine for $40,000. It has a salvage value of $4,000 at the end of its useful life of 10 years. If the company depreciate the machine using the declining-balance (DB) method with 175% of the straight-line rate, what will be its book value at the end of year 2? O A. $32,333 В. $26,896

A man bought an equipment which cost P524.000.00. Freight and installation expenses cost him P31,000.00. If the life of the equipment is 15 years with an estimated salvage value of P 120,000.00, find its book value after 8 years. Ans. P323,000.00.Show the step by step solution and explanation.

Mango Company purchased equipment for $100,000 and assigned it an estimated salvage value of $10,000 and a useful life of 10 years. After two years of using the double-declining balance method for depreciation, the company decided to switch to the straight-line method. The company also revised the equipment's remaining useful life to 6 years. What is the depreciation expense for the equipment for the third year? Answer a. $12,000 b. $9,000 c. $11,500 d. $13,500

An asset was purchased three years ago at a cost of P5,000. It was estimated to have a useful life of 8 years with a salvage value of P250 at the end of the time. It is now of no future use and can be sold for only P720. a. Straight-line method b. Sum-of-the-Years'-Digits (SYD) Method

Mohr Company purchases a machine at the beginning of the year at a cost of $31,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. The book value of the machine at the end of year 2 is: Multiple Choice $5,400. $10,800. $16,200. $20,200.

XYZ bought an asset that cost $200,000 at the beginning of the year.  It has a salvage value of $30,000.  The useful life of the asset is 10 years.  How much will the company's total depreciation expense be over the asset's 10 year life? Group of answer choices $200,000 $170,000 $30,000 $20,000

Equipment costing $80000 with a salvage value of $11000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 5 years and no change in the salvage value, the depreciation expense for year 3 would be O $20917. O $17250. O $10350. O $14450.

An equipment was bought at 600,000 JD. The life time of the equipment is 10 years at the end of which its salvage value is 10,000 JD. The depreciation rate using the straight line method is A. 10,000 JD B. 59,000 JD/year C. 59,000 JD D. 60,000 JD/year

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An asset cost $200,000.  It has a salvage value of $40,000.  It has a 10 year life.  What is its depreciation expense if the company uses straight-line depreciation? Group of answer choices $200,000 $160,000 $20,000 $16,000