Computer equipment was acquired at the beginning of the year at a cost of $57,500 that has an estimated residual value of $3,500 and an estimated useful life of 5 years. a. Determine the depreciable cost.fill in the blank 1 of 1$ b. Determine the double-declining-balance rate.fill in the blank 1 of 1 % c. Determine the double-declining-balance depreciation for the first year.fill in the blank 1 of 1$

Revision of depreciation Equipment with a cost of $354,400 has an estimated residual value of $40,800, has an estimated useful life of 32 years, and is depreciated by the straight-line method. a. Determine the amount of the annual depreciation. 9,800 ✔ b. Determine the book value after 18 full years of use. $ 178,000 ✓ c. Assuming that at the start of the year 19 the remaining life is estimated to be 18 years and the residual value is estimated to be $34,000, determine the depreciation expense for each of the remaining 18 years.

Equipment acquired at a cost of $96,000 has an estimated residual value of $6,000 and an estimated useful life of 10 years. It was placed in service on May 1 of the current fiscal year, which ends on December 31. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method. Round your answers to the nearest dollar. Depreciation Year 1 S Year 2 $ b. Determine the depreciation for the current fiscal year and for the following fiscal year by the double-declining-balance method. Do not round the double-declining balance rate. Round your answers to the nearest dollar. Depreciation Year 1 S Year 2 S

A building with a cost of $247,500 has an estimated residual value of $49,500, has an estimated useful life of 9 years, and is depreciated by the straight-line method. a. What is the amount of the annual depreciation? Do not round intermediate calculations. $ b. What is the book value at the end of the fifth year of use? $ c. If at the start of the sixth year it is estimated that the remaining life is 5 years and that the residual value is $12,500, what is the depreciation expense for each of the remaining 5 years?

A building acquired at the beginning of the year at a cost of $84,800 has an estimated residual value of $2,500 and an estimated useful life of 4 years. Determine the following.(a) The double-declining-balance rate fill in the blank 1 of 2 %(b) The double-declining-balance depreciation for the first year fill in the blank 2 of 2$

A building acquired at the beginning of the year at a cost of $104,000 has an estimated residual value of $4,200 and an estimated useful life of four years. Determine the following. (a) The double-declining-balance rate ?%   (b) The double-declining-balance depreciation for the first year $?

Sale of Equipment Equipment was acquired at the beginning of the year at a cost of $612,500. The equipment was depreciated using the straight-line method based on an estimated useful life of 9 years and an estimated residual value of $49,470. a.  What was the depreciation for the first year? Round your answer to the nearest cent. $ b.  Using the rounded amount from Part a in your computation, determine the gain(loss) on the sale of the equipment, assuming it was sold at the end of year eight for $106,489. Round your answer to the nearest cent and enter as a positive amount. $Loss    c.  Journalize the entry to record the sale. If an amount box does not require an entry, leave it blank. Round your answers to the nearest cent.   Cash        Accumulated Depreciation-Equipment        Loss on Sale of Equipment        Equipment

A copy machine acquired on May 1 with a cost of $2,545 has an estimated useful life of 3 years. Assuming that it will have a residual value of $745, determine the annual depreciation expense using the straight-line method (no journal entry necessary; show math).

Computer equipment was acquired at the beginning of the year at a cost of $71,900. It had an estimated residual value of $4,500 and an estimated useful life of five years. Determine the (a) depreciable cost, (b) straight-line rate, and (c) annual straight-line depreciation. a.  Depreciable cost $   b.  Straight-line rate   % c.  Annual straight-line depreciation $

Equipment with a cost of $154,032 has an estimated residual value of $9,279 and an estimated life of 4 years or 14,078 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used for 3,317 hours? a.$36,188.25 b.$34,106.10 c.$38,508.00 d.$34,149.74