A company purchases a machine for $12,000. The estimated residual value is $4,000. The machine has a useful life of 5 years, and is expected to produce 20,000 units during its lifetime. Use the activity-based depreciation method to calculate the amount of depreciation in Year 1, assuming that the machine was used to produce 6,000 units.

3. Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for 120,000 miles. Montello uses the units-of-production depreciation method. Calculate the depreciation expense for years 1 and 2 assuming the truck was driven 23,000 miles in year 1 and 26,000 miles in year 2.

can you please check my work

Which method of depreciation, from parts 1-3, would result in the largest net income in the first year for Watkins Production? Explain your reasoning?     Which method of depreciation, from part 1-3, would results in the largest net income over the entire 5 years?  Explain your reasoning ?

Colquhoun International purchases a warehouse for $301,000. The best estimate of the salvage value at the time of purchase was $16,000, and it is expected to be us for twenty-five years. Colquhoun uses the straight-line depreciation method for all warehouse buildings. After four years of recording depreciation, Colquhoun determir that the warehouse will be useful for only another fifteen years. A. Calculate annual depreciation expense for the first four years. $ 171,000 B. Determine the depreciation expense for the final fifteen years of the asset's life. 11,400 X Feedback V Check My Work When revising deprecation schedules, the book value is used as the adjusting base to apply the new changes to when determine the revised yearly depreciation amount. C. Prepare the journal entry for year five. If an amount box does not require an entry, leave it blank. Depreciation Expense 171,000 X Accumulated Depreciation-Warehouse 171,000

Please help me.  Thankyou.

An industrial air conditioner with an expected useful operating life of 30.000 hours costs $45,000. It is known that the salvage value of the air conditioner is $10,000 at the end of its useful life. The total working time of the air conditioner diuring first year is 4,000 hours. Find the depreciation for the first year by using the unit-of-production met hod. A) $5,333.33 B) $4,666.67 C) $6,000.00 D) Answers A, B and C are not correct

On 1 January 2010. A company purchased equipment for BD 230,000. The new machines have a useful life of five years, and the salvage value is estimated to be BD 30,000. The company has an estimation that the new machine can produce a total number of units 80,000. And expect to produce 20,000 units in its third year. Prepare the depreciation schedule for the machines using double decline method over the first 3 years from useful life.

s

Company purchases a machine for $4,000,000. The machine has a residual value of $200,000. The machine will last for 4 years and will produce a total of 200,000 units. During these years, the machine will produce units of 60,000, 50,000, 60,000, and 30,000 in years 1, 2, 3, and 4, respectively. REQUIRED: Complete the tables for depreciation for the Units of Production and Double Declining Balance Methods. Units-of-Production Method Depreciation Expense Accumulated Depreciation Book Value 2020 2021 2022 2023 Double Declining Balance Method Depreciation Expense Accumulated Depreciation Book Value 2020 2021 2022 2023 B I !! II