20 Completethe declining balance method of(immo depreciation (Round to nearest hundredth of a percent)(preziosaprinsStos andUseful Life YoursStraight Line Rate Multiple %/ Declining• /0150Balance Rate

Solution:- Depreciation is the wear and tear cost of asset. It is the cost of use of asset. In…

Answered: Complete using the declining balance…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A fixed asset with a cost of $31,365.00 and accumulated depreciation of $28,228.50 is sold for $5,332.05. What is the amount of the gain or loss on disposal of the fixed asset? Select the correct answer. $3,136.50 loss $2,195.55 loss $2,195.55 gain $3,136.50 gain
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Using the following information, create a Double declining, depreciation schedule. Van cost:34,440 Residual value: 1,722 Useful Life: 3 Years Example: Straight-line depreciation Schedule. Years Value at the beginning of the year Depreciation End of year Value 1 34,440 10,906 23,535 2 23,535 10,906 12,628 3 12,628 10,906 1,722
A fixed asset with a cost of $27,381 and accumulated depreciation of $24,642.90 is sold for $4,654.77. What is the amount of the gain or loss on disposal of the fixed asset? a.$1,916.67 loss b.$2,738.10 gain c.$1,916.67 gain d.$2,738.10 loss
Accumulated Depreciation account had a balance of R.O 84,0 had been recorded The company should recognize a Select one O a. RO.56,000 loss on disposal. O bRO.140,0oo loss on disposal. O CRO35.0oo loss on disposal. d. RO 56,000 gain on disposal.
Hello Below is my answers to a deminishing balance method question: My Answer: Depreciation of Vehicles(672000-384000)=288000*20%=57600 Question: Provide depreciation on vehicles at 20% p.a. using the diminishing balance method, Vehicles at Cost 672 000, Accumulated Depreciation on Vehicles 384 000 from PRE-ADJUSTMENT TRIAL BALANCE ON 28 FEBRUARY 2020. Note: there are no other information concerning prvious years depreciation required.
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A fixed asset with a cost of $30,192 and accumulated depreciation of $27,172.80 is sold for $5,132.64. What is the amount of the gain or loss on disposal of the fixed asset? a.$2,113.44 loss b.$3,019.20 gain c.$3,019.20 loss d.$2,113.44 gain
(c) Compute the amount of depreciation for each of Years 1 through 3 using the depreciation rate to 2 decimal places, e.g. 15.84% and final answers to 0 decimal places, e.g. 45,892.) Depreciation for Year 1 Depreciation for Year 2 Depreciation for Year 3 eTextbook and Media LA $ $ LA double-declining-balance method. (Round $ Assistance Us

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Complete using the declining balance method of depreciation (Round to nearest hundredth of a percent) (poperioon Useful Life Yours Straight Line Rate Multiple %/ 921 %/ 150 Multiple / Declining Balance Rate