An asset has a depreciable base of $80,000 and an estimated useful life of 4 years. In the first year, depreciation expense under the sum-of-the-years' digits method would be $8,000. $20,000. $32,000. $40,000

A fixed asset has a useful life of 5 years is purchased on the first of January of a certain. The purchasing price of the asset is $3,017.15, and its residual value is expected to be $759.01.. Based on this information, the depreciation for year 1 will be equal to (in three digits):

Consider a five-year MACRS asset purchasedat $80,000. (Note that a five-year MACRS propertyclass is depreciated over six years due to the half-yearconvention. The applicable salvage values would be$40,000 in year 3, $30,000 in year 5, and $10,000 inyear 6.) Compute the gain or loss amounts when theasset is disposed of in(a) Year 3.(b) Year 5.(c) Year 6

An income producing asset costs $6,630 and will be depreciated using 150% Declining Balance with a $896 salvage value over 13 years. What is the Book Value at the end of year 1?

H1.

An asset costs $290,000 and is classified as a ten-year asset. What is the annual depreciation expense for the first three years under the straight-line and the modified accelerated cost recovery systems of depreciation? Be sure to apply the half-year convention to straight-line depreciation. Use Exhibit 9.4 to answer the question. Round your answers to the nearest dollar. Straight-line depreciation:   Year Depreciation expense 1 $   2 $   3 $     Accelerated cost recovery system of depreciation:   Year Depreciation expense 1 $   2 $   3 $

Asset C3PO has a depreciable base of $17.60 million and a service life of 10 years. What would the accumulated depreciation be at the end of year five under the sum-of-the-years'-digits method? (Do not round intermediate calculations.)

PQ16.09 An asset with a first cost of $100,000 is depreciated over 5-year period. It is expected to have a $10,000 salvage value at the end of 5 years. Using the straight-line method, what is the book value at the end of year 2?

> An asset was purchased for $51,000 and originally estimated to have a useful life of 10 years with a residual value of $3,700. After 2 years of straight-line depreciation, it was determined that the remaining useful life of the asset was only 2 years with a residual value of $1,480. a. Determine the amount of the annual depreciation for the first 2 years. $ b. Determine the book value at the end of Year 2. c. Determine the depreciation expense for each of the remaining years after revision. $ ?