Drago Company purchased equipment on January 1, 2021, at a total invoice cost of $1,200,000. The equipment has an estimated salvage value of $30,000 and an estimated useful life of five years. What is the amount of accumulated depreciation at December 31, 2022, if the straight-line method of depreciation is used? O $480,000 $468,000 $240,000

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9.  How much should be the balance of the accumulated depreciation for these machineries on December 31, 2021? a. ₱ 7,040,000   b. ₱ 5,840,000   c. ₱ 6,160,000   d. ₱ 6,400,000

On January 1, 2022, Proton Company purchased a new machine for P2,100,000. The new machine has an estimated useful life of nine years and the residual value was estimated to be P75,000. Depreciation was computed on the sum-of-the-years'-digits method. What amount should be shown in Proton's statement of financial position at December 31, 2024, net of accumulated depreciation, for this machine? O P1,695,000 O P1,335,000 O P1,020,000 O P1,244,250

On January 1, 2014, Bonita Industries purchased equipment at a cost of $361000. The equipment was estimated to have a salvage value of $10000 and it is being depreciated over eight years under the sum-of-the-years'-digits method. What should be the charge for depreciation of this equipment for the year ended December 31, 2021? $45125 $9750 $43875 $10028

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Sandhill Motor Corporation bought equipment on January 1, 2025. The equipment cost $340000 and had an expected salvage value of $65000. The life of the equipment was estimated to be 4 years. The depreciable cost of the equipment is O $275000. O $68750. O $65000 O $340000.

Carla Vista Products purchased a machine for $66400 on July 1, 2025. The company intends to depreciate it over 8 years using the double-declining balance method. The salvage value is $6700. Depreciation for 2026 to the closest dollar is $8300. O $33200. O $14525. $13200.

BLACK JACK Company purchased an automotive equipment on June 30, 2018 for P3,000,000. Atthe date of acquisition, the equipment had a life of six years with no salvage value. Theequipment is being depreciated on a straight-line basis. On October 1, 2021, BLACK JACKdetermined that the equipment had a remaining useful life of five years.  What is the depreciation expense for the year ended December 31, 2021?

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