Equipment was purchased on January 1, 2018 and management determined a useful life of 8 years and a $10,000 salvage value. WHat is the amount and what accounts

A piece of equipment is available for purchase for $ 16000 has an estimated useful life of 5 years, and has an estimated salvage value of $ 4000. Determine the depreciation and the book value for each of the 5 years using the straight-line method and the double declining-balance method? (Compare)

A plant asset acquired on January 4, 200B, at a cost of $300,000 has an estimated useful life of 10 years. The salvage value is estimated fthe asset's useful life. to be $25,000 at the end of- Instructions Determine the depreciation expense for each of the first two years using: (a) the straight-line method. (b) the double-declining-balance method. Please show your work either in the answer space provided OR upload a file. A - U X2 x2 a. Straight-Line F4 PrtScn Home 21 F5 F6 F7 F8 F9 ill

Please show all your work

A plant asset acquired on October 1, 2020, at a cost of $500,000 has an estimated useful life of 10 years. The salvage value is estimated to be $50,000 at the end of the asset's useful life. Instructions: determine the depreciation expense and accumulated depreciation for the first five years using: a. straight-line method b. double-declining-balance method

build a modelA purchased machine cost $320,000, with delivery and installation charges amounting to $30,000.            The declared salvage value was $50,000.            Its useful life is 10 years.                a) Compute the SL depreciation schedule over its useful life.      b) Compute the DDB depreciation schedule over its useful life.      c) Compute the MACRS depreciation schedule.   Its ADR life is 12 years.       d) Early in Year 4, the company changed its product mix and found that it no longer needed the machine.           One of its competitors agreed to buy the machine for $110,000.        Determine the loss, gain, or recapture on the sale.   Use the MACRS schedule