• Johns Company has three assets that are depreciated straight-line under one Group Depreciation account. The following information is available: Total Cost Salvage Value Estimated Useful Life Machine A $550,000 $50,000 20 years Machine B $200,000 $20,000 15 years Machine C $40,000 5 years If Johns sells Machine A after 5 years for $260,000, The journal entry will include:

Peavey Enterprises purchased a depreciable asset for $25,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $2,600, what will be the amount of accumulated depreciation on this asset on December 31 Year 3? Multiple Choice О $5,600 $22,400 $18,667 $15,400 О $4,667

am Warren Company plans to depreciate a new building using the double declining balance depreciation method. The building cost is $780,000. The estimated residual value of the building is $48,000 and it has an expected useful life of 25 years. What is the building's book value at the end of the first year? Grew H Multiple Choice O $717,600 $62,400 $31,200 $33.850 < Prev

An asset cost $200,000.  It has a salvage value of $40,000.  It has a 10 year life.  What is its depreciation expense if the company uses straight-line depreciation? Group of answer choices $200,000 $160,000 $20,000 $16,000

There the same questions just part A and B answer both please thank you

ABC Co. purchased a fixed asset for $100,000, with a useful life of five years, residual value of $9,000, and an expected total net income of $21,600 for 5 years. What is the amount of the average investment? Average investment Initial cost + salvage value / 2 = A) $9000 B) $100,000 $54,500 $37,500

Edna "E" Mode purchases a machine to produce hand sanitizer at the beginning of 20x0 at a cost of $40,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 8 years with a $9,000 salvage value. What is Edna "E" Mode's depreciation expense in year 2? Multiple Choice $5,000. $31,000. $10,000. $0. p

Sale of Machinery Raine Company has a machine that originally cost $170,000. Depreciation has been recorded for five years using the straight-line method, with a $12,500 estimated salvage value at the end of an expected nine-year life. After recording depreciation at the end of the fifth year, Raine sells the machine. a. Calculate the book value of the machine at the end of five years. $ (Answer) b. Calculate the gain/loss on the sale of the machine for:i. $92,500 cash. $ (Answer) ii. $82,500 cash. $ ( Answer) iii. $70,000 cash. $ (Answer) Enter losses using negative numbers.