Plummer Industries purchased a machine for $43,800 and is depreciating it with the straight-linemethod over a life of 8 years, using a residual value of $3,000. At the beginning of the sixth year,an extraordinary repair was made costing $7,500, the estimated useful life was extended to 13years, and no change was made to the estimated residual value. Calculate depreciation expense foryear 6, rounded to the nearest dollar.

Apex Fitness Club uses straight-line depreciation for a machine costing $30,450, with an estimated four-year life and a $2,250 salvage value. At the beginning of the third year, Apex determines that the machine has three more years of remaining useful life, after which it will have an estimated $1,800 salvage value. 1. Compute the machine's book value at the end of its second year. 2. Compute the amount of depreciation for each of the final three years given the revised estimates. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the machine's book value at the end of its second year. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.) Book Value at the End of Year 2: Cost Accumulated depreciation 2 years Book value at point of revision

Jersey Company purchased a depreciable asset for $400,000. The estimated salvage value is $30,000, and the estimated useful life is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the third year on this asset?

Becker Office Service purchased a new computer system on January 1, Year 1, for $33,400. It is expected to have a five-year useful life and a $3,700 salvage value. Becker Office Service expects to use the computer system more extensively in the early years of its life. Required a. Calculate the depreciation expense for each of the five years, assuming the use of straight-line depreciation. b. Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation. d. Assume that Becker Office Service sold the computer system at the end of the fourth year for $20,500. Compute the amount of gain or loss using each depreciation method. Complete this question by entering your answers in the tabs below. Required A Required B Required D Calculate the depreciation expense for each of the five years, assuming the use of double-declining-balance depreciation. Note: Enter all amounts as positive values. Do not round intermediate calculations.…