Question Content Area A machine with a cost of $69,200 has an estimated residual value of $4,463 and an estimated life of 5 years or 17,037 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $27,680.00 b. $16,608.00 c. $13,840.00 d. $25,894.80
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Question Content Area
A machine with a cost of $69,200 has an estimated residual value of $4,463 and an estimated life of 5 years or 17,037 hours. What is the amount of
depreciation for the second full year, using the double-declining-balance method?a. $27,680.00b. $16,608.00c. $13,840.00d. $25,894.80
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- Use the information in Problem A-1 to solve this problem. Required Prepare a schedule of depreciation using the double-declining-balance method. PROBLEM A-1 A delivery van was bought for 18,000. The estimated life of the van is four years. The trade-in value at the end of four years is estimated to be 2,000. Check Figure Year 2 depreciation, 4,500Use the information in Problem A-1 to solve this problem. Assume the delivery van is expected to have a useful life of 100,000 miles (Year 1, 40,000 miles; Year 2, 30,000 miles; Year 3, 20,000 miles; Year 4, 10,000 miles). Required Prepare a schedule of depreciation using the units-of-production method. Check Figure Year 3 depreciation, 3,200 PROBLEM A-1 A delivery van was bought for 18,000. The estimated life of the van is four years. The trade-in value at the end of four years is estimated to be 2,000.MODIFIED ACCELERATED COST RECOVERY SYSTEM Using the information given in Exercise 5Apx-1B and the rates shown in Figure 5A-4, prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the Modified Accelerated Cost Recovery System. For tax purposes, assume that the computer has a useful life of five years. (The IRS schedule will spread depreciation over six years.)
- Calculator A machine with a cost of $69,400.00 has an estimated residual value of $3,122.00 and an estimated life of 5 years or 17,047 hours. What is the amount of depreciation for the second full year, using the double declining-balance method? Select the correct answer. a-$26,511.20 b-$16,656.00 c-$13,880.00 c-$27,760.00A machine with a cost of $62,300 has an estimated residual value of $4,031 and an estimated life of 5 years or 17,709 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a.$23,307.60 b.$12,460.00 c.$14,952.00 d.$24,920.00genow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignment... A A machine with a cost of $50,000 has an estimated residual value of $4,773 and an estimated life of 5 years or 15,353 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? Oa. $20,000 Ob. $18,091 Oc. $12,000 Od. $10,000 { @ 00
- A machine with a cost of $67,400 has an estimated residual value of $4,408 and an estimated life of 5 years or 15,993 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $16,176.00 b. $25,196.80 c. $13,480.00 Od. $26,960.00Calculate the amount of depreciation under CCA method for each of the four years as well as the backlog depreciation for a machine from the following information by assuming straight line method of depreciation: Cost of machine OMR 60,000 Estimated life 4 years Residual Value Nil Inflation Rate 10% p.a.A machine with a cost of $63,800 has an estimated residual value of $4,360 and an estimated life of 5 years or 16,664 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $12,760.00 b. $25,520.00 c. $15,312.00 d. $23,776.00
- The straight-line method Question: Cost $134,400 Estimated Residual Value $12,500 Estimated Useful Life (in years) 4 Estimated Useful Life (in working hours) 11,500 I'm doing the straight-line method for a particular question I asked earlier, I'm noticing that the depreciation expense isn't equal to the asset’s depreciable amount (When I multiply the Depreciable Amount x Depreciation Rate, 100/4 = 25%). I did all the steps, $134,400 - $12,500 = $121,900 (Depreciable Amount) $121,900/4 = $30,475 (Annual Depreciation Expense). Year Depreciation x Amount Depreciation Rate = Depreciation Expense Accumulated Depreiciation Carrying Amount 2023 $121,900 25% 30,475 2024 121,900 25% 30,475 2025 121,900 25% 30,475 2026 121,900 25% 30,475 2027 121,900 25% 30,475A machine with a cost of $75,000 has an estimated residual value of $5,000 and an estimated life of four years or 18,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $17,500 b. $37,500 c. $18,750 d. $16,667Note: Double Declining Balance = 200% Declining Balance A. How much is the depreciation for year 3? Select one: o a. P158,203.13 o b. P150,000 o c. P210,937.50 o d. P187,500 В. How much is the total depreciation as of year three using DDB method? C. What is the equipment's book value at the end of year three?
