Calculate the total cost, total depreciation, and annual depreciation (in $) for the following assets by using the straight-line method. (Round your answers to the nearest cent.) Cost Shipping Charges Setup Charges Total Cost Salvage Value Estimated Useful Life (years) Total Depreciation Annual Depreciation $76,300 $1,500 $650 $  $4,500 11 $  $

A truck acquired at a cost of $60,000 has an estimated residual value of $2,000, has an estimated useful life of 200,000 miles, and was driven 15,000 miles during the year. Determine the following. If required, round your answer for the depreciation rate to 2 decimal places. Line Item Description Amount (a) The depreciable cost $fill in the blank 1              (b) The depreciation rate $fill in the blank 2 per mile (c) The units-of-activity depreciation for the year $fill in the blank 3

For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight-line and DDB for double-declining-balance.       Residual Service Life Depreciation Depreciation Asset Cost Value (Years) Method (Year 2) A   $28,000 5 DDB $24,000 B 56,000   8 SL 5,300 C 81,000 6,000   SL 5,000 D 246,000 18,000 10   22,800 E 208,000 28,000 8 DDB

Under the straight-line method, we base the annual depreciation charge on the depreciable amount and the estimated useful life of the asset. The depreciable amount is the cost of the asset minus its estimated salvage value:   Regal Company Depreciation Charge: Straight-line method Cost = (A) $107,200 Minus: Salvage Value = (B) -$4,800 Depreciable Amount = (C ) = (A) - (B) $102,400 Useful Life in Years = (D) 8 Annual Depreciation = (C ) / (D) $12,800 2009 Depreciation Charge $12,800

When calculating depreciation expense using the straight line method, useful life is expressed as time dollars Units expected to be produced salvage value Next *

For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight-line and DDB for double-declining-balance. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Asset A B C D E Cost 68,000 93,000 258,000 214,000 Residual Value $ 34,000 13,000 24,000 34,000 Service Life Depreciation (Years) Method 5 8 10 8 DDB SL SL DDB Depreciation (Year 2) $ 39,000 5,900 10,000 23,400

For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL fa straight-line and DDB for double-declining-balance. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Asset A B C D MO E Cost Residual Value $ 31,000 62,000 87,000 252,000 211,000 6,000 21,000 31,000 Service Life (Years) 5 8 10 8 Depreciation Method DDB SL SL DDB Depreciation (Year 2) $ 30,000 5,600 9,000 23,100

[The following information applies to the questions displayed below.] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $83,600. The machine's useful life is estimated at 20 years, or 398,000 units of product, with a $4,000 salvage value. During its second year, the machine produces 33,800 units of product.

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jaydeep