A truck was purchased for $184000 and it was estimated to have a $36000 salvage value at the end of its useful life. Monthly depreciation expense of $3700 was recorded using the straight-line method. The annual depreciation rate is 3%. 10%. 30%. O 24%.

A delivery van costing $35,000 is expected to have a $2,000 salvage value at the end of its useful life of five years. Assume that the truck was purchased on January 1. Compute the annual depreciation expense under the straight‑line depreciation method. (Round your answer to the nearest whole number.)

The total depreciation of an equipment after its 22 years of useful life is P621,765. Using the Straight-Line method of depreciation, determine the following: A. Total depreciation after 9 years B. First cost if the salvage value is 10% of the first cost

At the beginning of Year 1, Sophie Mopey Company buys a truck for $100,000 and estimates it has a useful life of 10 years and a salvage value of $6,000. The company estimates it will be able to drive the truck 188,000 miles before it has to be replaced, and drives it 30,000 miles in Year 1. Which of the following would be recorded under STRAIGHT-LINE depreciation? O Depreciation Expense of $15,957 in Year 1 O Depreciation Expense of $9,400 in Year 1 O Depreciation Expense of $20,000 in Year 1 O Depreciation Expense of $10,000 in Year 1 O Depreciation Expense of $18,800 in Year 1 O Depreciation Expense of $15,000 in Year 1 QUESTION 2 B 2

A plant asset cost $313600 and is estimated to have a $37000 salvage value at the end of its 8-year useful life. The annual depreciation expense recorded for the third year using the double-declining-balance method would be O $31170. O $39036. O $27720. O $44100.

Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,873. The useful life is 7 years and the salvage value is $12,938. Prepare a depreciation schedule using the straight-line method. Mason Industries Depreciation Schedule-Drilling End of Year Annual Depreciation ($) Accumulated Depreciation ($) 1 2 3 4 5 7 LA LA LA LA SA LA to LA LA LA LA LA LA ŁA Book Value ($) $78,773 (new) LA LA LA $ LA $ +A $ LA SA

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Billings Corporation purchased a wood pulp mixer for $17,344. Delivery costs totaled $464. The useful is 7 years, and the salvage value is $1,260. Prepare a depreciation schedule using the sum-of-the-years' digits method. Year Total Depreciation ($) x Depreciation Rate Fraction 1 2 3 4 5 6 7 Need Help? $ $ $ $ $ $ $ Read It X X X X X X X Watch It Billings Corporation SYD Depreciation Schedule-Wood Pulp Mixer Master It 7/28 6/28 5/28 4/28 3/28 2/28 1/28 = || || Annual Depreciation ($) Accumulated Depreciation ($) $ $ $ $ $ $ $ $ $ $ $ $ $ $ Book Value ($) $17,808 (new) $ $ $ $ $ $ $

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

An equipment costs $8,000. It has an economic life of 8 years and a salvage value of $400 at the end of 8 years.  The first year depreciation amounts to $1,778.  What method was used in the calculation of the depreciation? time table?   no excel