[The following information applies to the questions displayed below.] On January 1, the Matthews Band pays $68,200 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 55 concerts. QS 8-5 (Algo) Units-of-production depreciation LO P1 Compute the first-year depreciation using the units-of-production method.

Troy Industries purchased a new machine 2 ​year(s) ago for $78,000. It is being depreciated under MACRS with a​ 5-year recovery period using the schedule   Recovery year 3 years 5 years 7 years 10 years              1               33%      20%      14%     10%              2               45%       32%     25%     18%              3               15%       19%     18%     14%              4                7%        12%      12%     12%              5                              12%        9%       9%              6                               5%         9%       8%              7                                              9%       7%              8                                              4%       6%              9                                                           6%            10                                                           6%            11                                                            4%        Totals          100%      100%      100%…

Required information [The following information applies to the questions displayed below] On January 1, the Matthews Band pays $69,000 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 55 concerts. Compute the first-year depreciation using the units-of-production method. Select formula for the depreciation rate of Units of Production: Calculate the first year depreciation expense Depreciation per concert Concerts in first year Depreciation in first year

Required information [The following information applies to the questions displayed below.] Speedy Delivery Company purchases a delivery van for $38,400. Speedy estimates that at the end of its four-year service life, the van will be worth $6,200. During the four-year period, the company expects to drive the van 201,250 miles. Actual miles driven each year were 52,000 miles in year 1 and 58,000 miles in year 2. Required: Calculate annual depreciation for the first two years of the van using each of the following methods. (Do not round your intermediate calculations.) 2. Double-declining-balance. Annual Year Depreciation 1 2

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Required information [The following information applies to the questions displayed below.] Super Saver Groceries purchased store equipment for $40,000. Super Saver estimates that at the end of its 10-year service life, the equipment will be worth $3,000. During the 10-year period, the company expects to use the equipment for a total of 10,000 hours. Super Saver used the equipment for 1,200 hours the first year. Required: Calculate depreciation expense of the equipment for the first year, using each of the following methods. (Do not round your intermediate calculations.) 3. Activity-based. Depreciation expense

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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

Required information [The following information applies to the questions displayed below.] On January 1, the Matthews Band pays $67,400 for sound equipment. The band estimates it will use this equipment for five years and perform 200 concerts. It estimates that after five years it can sell the equipment for $2,000. During the first year, the band performs 55 concerts. Compute the first-year depreciation using the straight-line method. Choose Numerator: 1 Straight-Line Depreciation Choose Denominator: = Annual Depreciation Expense = Depreciation expense =

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