Depreciation by Two Methods A Kubota tractor acquired on January 8 at a cost of $85,000 has an estimated useful life of 10 years. Assuming that it will have no residual value. a.  Determine the depreciation for each of the first two years by the straight-line method. First Year Second Year $fill in the blank 1 $fill in the blank 2 b.  Determine the depreciation for each of the first two years by the double-declining-balance method. First Year Second Year $fill in the blank 3 $fill in the blank 4

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $2,200,000 has an estimated residual value of $400,000 and an estimated useful life of 20 years. Determine the following: (a) The depreciable cost (b) The straight-line rate (c) The annual straight-line depreciation $ %

Depreciation by Two Methods; Sale of Fixed Asset New tire retreading equipment, acquired at a cost of $625,000 on September 1 at the beginning of a fiscal year, has an estimated useful life of five years and an estimated residual value of $53,700. The manager requested information regarding the effect of alternative methods on the amount of depreciation expense each year. On the basis of the data presented to the manager, the double-declining-balance method was selected. In the first week of the fifth year, on September 6, the equipment was sold for $91,500. Required: 1.  Determine the annual depreciation expense for each of the estimated four years of use, the accumulated depreciation at the end of each year, and the book value of the equipment at the end of each year by the following methods: a.  Straight-line method Year DepreciationExpense Accumulated Depreciation,End of Year Book Value,End of Year 1 $fill in the blank 45f9c5fa9ffcfe6_1 $fill in the blank…

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $134,200 has an estimated residual value of $5,200 and an estimated useful life of 10 years. Determine the following: (a) The depreciable cost     (b) The straight-line rate   % (c) The annual straight-line depreciation

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Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of $88,400 has an estimated residual value of $6,200 and an estimated useful life of 4 years. Determine the following. (a) The double-declining-balance rate % (b) The double-declining-balance depreciation for the first year

Depreciation by Two Methods A computer system acquired on January 1 at a cost of $35,000 has an estimated useful life of five years. Assuming that it will have no residual value. a. Determine the depreciation for each of the first two years by the straight-line method. First Year Second Year b. Determine the depreciation for each of the first two years by the double-declining-balance method. First Year Second Year

Double-Declining-Balance Depreciation A building acquired at the beginning of the year at a cost of $119,600 has an estimated residual value of $4,800 and an estimated useful life of four years. Determine the following. (a) The double-dedlining-balance (b) The double-declining-balance depreciation for the first year rate % ?

STRAIGHT-LINE DEPRECIATION  A small delivery truck was purchased on January 1 at a cost of $25,000. It has an estimated useful life of four years and an estimated salvage value of $5,000. Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the straight-line method.

Double-declining-balance depreciation A building acquired at the beginning of the year at a cost of $77,200 has an estimated residual value of $3,100 and an estimated useful life of 4 years. Determine the following. (a) The double-declining-balance rate (b) The double-declining-balance % depreciation for the first year $