Machine Cost #1 #2 $68,800 $76,000 Purchase Useful Date Life 7/1/24 1/1/27 5 yrs. 5 yrs. Salvage Value $4,800 $4,000 Depreciation Method Straight-line Double-declining-balance Date Sold 7/1/28 12/31/28 Sales Price $16,000 $29,600
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- Skysong Industries presents you with the following information. Complete the table for the year ended December 31, 2027. The company depreciates all assets using the half-year convention. (Round answers to O decimal places, e.g. 45,892.) Description Machine A Machine B Machine C Machine D Date Purchased 2/12/25 8/15/24 7/21/23 Cost $151,050 80,000 232,140 (c) Salvage Value $16,960 22,260 23,500 73,140 Life in Years. 10 5 00 8 5 Depreciation Method SL DDB SYD (a) f DMarigold Industries presents you with the following information. Complete the table for the year ended December 31, 2027. The company depreciates all assets using the half-year convention. (Round answers to O decimal places, e.g. 45,892.) Description Machine A Machine B Machine C Machine D Date Purchased 2/12/25 8/15/24 7/21/23 Cost $148,200 89,600 227,760 (c) Salvage Value $16,640 21,840 25,000 71,760 Life in Years 10 5 8 5 Depreciation Method SL DDB SYD (a) Accumulated Depreciation to 12/31/26 $34,684 30,160 72,800 (e) Depreciation for 2027 (b) (d) (f) (h)Dickinson Inc. owns the following assets Asset Cost Cost salvage Estimated useful life A $70,000 $7,000 10 Years B $50,000 $5,000 5 years C $82,000 $4,000 12 years Compute the composite depriciation rate and the composite life of Dickinson's asset
- Presented below is information related to equipment owned by Sanabel Co. at December 31, 2018 Cost $4,500,000 600,000 Accumulated depreciation to date Expected future net cash flows 3,500,000 Fair value 2,700,000 4 years Remaining useful life Salvage value 100,000 Cost of disposal Assuming the equipment is held for disposal . The impairment loss on December 31 2018 will amount to a $ 0 1.200.000 $1.170.000 d 1.230.000Blossom Machines reported the following information about two of its machines as of December 31, 2025. Machine (a) # 1 #2 Date Acquired Jan. 1, 2016 July 1, 2025 Annual depreciation eTextbook and Media Cost $824,000 128,000 Save for Later Useful Life (in years) 20 Calculate the annual depreciation for each asset using the straight-line method. Machine 1 5 Salvage Value $41,200 3,800 $ Machine 2 Attempts: 0 of 2 used Submit AnswerThe following is information about your client's non-current assets (in thousands of Rupiah): Non-current asset list Equipment Machinery Automobile Building Land Cost Total Ending Balance 2020 Accumulated depreciation 433,572,100 67,697,710 12,450,000 4,870,000 92,500,000 52,850,000 599,302,100 92,653,710 The following information is obtained from the client: 7,930,000 1,586,000 18,500,000 Net Book Value 6,344,000 365,847,390 7,580,000 74,000,000 52,850,000 506,648,390
- • 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: Debit to Loss on Sale of $165,000 O Credit to Gain on Sale on $145,000 O Debit to Accumulated Depreciation for $290,000 Debit to Accumulated Depreciation for $125,000The cost and estimated useful life of accounts under Property, Plant and Equipment of FDNACCT Co. are as follows: Office Equipment P260,000 Delivery Vehicle P660,000 5 years 5 years All assets were bought on January 1. No salvage value was available. How much should be the carrying amount of Property, Plant and Equipment?Slovac Company purchased a machine that has an estimated useful life of eight years for $7,500. Its salvage value is estimated at $500. What is the depreciation for the second year of the asset’s life, assuming Slovac uses the double-declining-balance method of depreciation? a. $1,406 b. $1,438 c. $1,875 d. $3,750
- / On 1/1/2014 Baghdad company purchased a machine for $ 1000,000. They have estimated the useful life 4 years with 95,000 estimate salvage value. Require: compute the deprecation by using Declining Balance Method (using schedule that show the computing).The following data relate to the Machinery account of Wildhorse, Inc. at December 31, 2025. Original cost Year purchased Useful life Salvage value Depreciation method Accum. depr. through 2025* a. Cash A Machinery (Machine A) $54,280 2020 15,340 10 years $3,658 Sum-of-the-years'-digits $36,816 B 15,340 $60,180 2021 Machinery 15,000 hours $3,540 Activity $41,536 C $94,400 2022 15 years $5,900 Straight-line $17,700 D $94,400 *In the year an asset is purchased, Wildhorse, Inc. does not record any depreciation expense on the asset. In the year an asset is retired or traded in, Wildhorse, Inc. takes a full year's depreciation on the asset. The following transactions occurred during 2026. 2024 10 years $5,900 On May 5, Machine A was sold for $15,340 cash. The company's bookkeeper recorded this retirement in the following manner in the cash receipts journal. Double-declining balance $18,880Jackel Industries presents you with the following information. Description 00 Date Purchased 00 Cost 00 Salvage Value 00 Life in Years 00 Depreciation Method 00 Accumulated Depreciation to 12/31/21 00 Depreciation for 2022 Machine A 2/12/20 $142,500 $16,000 10 (a) $33,350 (b) Machine B 8/15/19 (c) 21,000 5 SL 29,000 (d) Machine C 7/21/18 75,400 23,500 8 DDB (e) (f) Machine D 10/15/(g) 219,000 69,000 5 SYD 70,000 (h) Instructions Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention.