Ay 3. Item 3 On January 1, Year 1, Friedman Company purchased a truck that cost $50,000. The truck had an expected useful life of 100,000 miles over 8 years and a $9,000 salvage value. During Year 2, Friedman drove the truck 26,000 miles. The company uses the units-of-production method. The amount of depreciation expense recognized in Year 2 is: (Do not round intermediate calculations.) Multiple Choice $13,000. $10,660. $5,125. $6,250

MNVK Corp. purchased a computer system at a cost of $140,000 on January 1, 20X1. The estimated useful life is 10 years, and the estimated residual value is $10,000. Assuming MNVK uses the double-declining-balance method, what is the depreciation expense for 20X2?   Select one: a. $22,800 b. $28,000 c. $26,000 d. $22,400 e. $20,800

Manji

N1.

An asset purchased 1 January 20x4, costing $10,000, with a 10-year useful life and no salvage value, was depreciated using the straight-line method during its first three years. During 20x7, the total useful life was re-estimated to be 17 years. What is the amount of depreciation expense in 20x8? Multiple Choice $500 $412

Manderlee Cosmetics purchased a company van for $30.000. The van is expected to have a residual value of $10,000 and useful life of 5 years or 140,000 miles. Calculate the depreciation expense under three the methods Miles driven for each of the five years year 1 25.000 miles year 240,000 miles year 3 50.000 miles year 4 15,000 miles year 5 10.000 miles Year 1 2 3 4 Accounting 1A Chapter 9-Long-Term Assets Depreciation Calculations 5 Total Straight-line Method Depreciation Expense Units of Production Method Double Declining Balance Method

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Edna "E" Mode purchases a machine to produce hand sanitizer at the beginning of 20x0 at a cost of $40,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 8 years with a $9,000 salvage value. What is Edna "E" Mode's depreciation expense in year 2? Multiple Choice $5,000. $31,000. $10,000. $0. p

3 ed Required information [The following information applies to the questions displayed below.] On January 1, Year 1, a company purchased a delivery vehicle for $40,000. At the end of its five-year service life, it is estimated that the vehicle will be worth $4,000. During the five-year period, the company expects to drive the vehicle 121,000 miles. Required: Calculate annual depreciation for the five-year life of the vehicle using each of the following methods. 3. Units of production using miles driven as a measure of output, and the following actual mileage: Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Year Year 1 Year 2 Year 3 Year 4 Year 5 Total Miles 15,000 31,000 22,000 27,000 28,000 Depreciation $ 0

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