Equipment R20 000, Accumulated Depreciation R16 000. Depreciation is calculated at 20% p. a. on a diminishing method. An old equipment was disposed for R1 500 cash on 1 December 2020. The equipment originally costed R3 000. The Accumulated depreciation is R 700. The depreciation for the disposed equipment is _________. A. R460 B. R345 C. R225 D. R92

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On 1/1/23, Dugout Co buys a piece of equipment for $512,000. It is estimated that the equipment will have a salvage value of $80,000 at the end of its expected useful life of 8 years. REQUIREMENTS: 1. Prepare a depreciation schedule using the following methods: a. Straight-line (SL) b. Sum-of-the-years'-digits (SYD) c. Declining balance - 200% (DDB) 2. Assume that the original purchase was made on 5/1/23. Using the "exact" method, determine the yearly depreciation expense for the following depreciation methods: a. SL b. SYD c. DDB What would the "Half-Year" convention look like for SL? 3. Assume that in 2026, it is discovered that the original purchase (on 1/1/23) was expensed rather than capitalized. Give JE's, ignoring the tax effects, required during 2026 if the DDB method is used. 4. Assume that in 2027, the estimated salvage value is decreased by $45,000 and the expected useful life is changed to a total of 9 years from date of purchase (1/1/23). Prepare depreciation schedules for…

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EXERCISE/TUTORIAL12. 1 A 2 Rubicon Limited purchased machinery on 1 January 20.1 at a cost of R70 000. It has an expected useful life of ten (10) years with no residual value. REQUIRED 1. Calculate the Depreciation on machinery for 20.1 and 20.2 if: a. The straight-line method is used. b. The diminishing amount method is used (rate 20%). c. Sum-of-the-years-digit method is used. 2. Discuss the effect of a change in the method of depreciation from the straight- line method in 20.1 to the diminishing amount method in 20.2.

Cost of equipment $64,000, salvage value $10,000, current year deprciation $5000, Total accumulatated depreciation at the end of the year is $31,000. What is the remainder of useful life? a) 7.8  b) 12.8  c) 4.6  or d) 10.8 not sure if I rewrote the question and infor correctly..

E10.1 (LO 1) Excel (Depreciation Computations-SL, SYD, DDB)Deluxe Ezra Company purchases equipment on January 1, Year 1, at a cost of $469,000. The asset is expected to have a service life of 12 years and a salvage value of $40,000. Instructions a. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation method. b. Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years'-digits method. c. Compute the amount of depreciation for each of Years 1 through 3 using the double-declining-balance method. (In performing your calculations, round constant percentage to the nearest one-hundredth of a point and round answers to the nearest dollar.)