Units-of-Activity Depreciation A truck acquired at a cost of $202,800 has an estimated residual value of $18,000, has an estimated useful life of 440,000 miles, an Determine the following. If required, round your answer for the depreciation rate to 2 decimal places. a. The depreciable cost $ 184,800 b. The depreciation rate per mile c. The units-of-activity depreciation for the year 47,460 %24 %24

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $134,200 has an estimated residual value of $5,200 and an estimated useful life of 10 years. Determine the following: (a) The depreciable cost     (b) The straight-line rate   % (c) The annual straight-line depreciation

Equipment acquired at the beginning of the year at a cost of $540,000 has an estimated residual value of $40,000 and an estimated useful life of 10 years. Determine the following. a. The double-declining-balance rate fill in the blank 1 % b. The double-declining-balance depreciation for the first year $fill in the blank 2 %

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $134,200 has an estimated residual value of $5,200 and an estimated useful life of 10 years. Determine the following: (a) The depreciable cost (b) The straight-line rate % (c) The annual straight-line depreciation

Units-of-activity Depreciation A truck acquired at a cost of $515,000 has an estimated residual value of $27,500, has an estimated useful life of 65,000 miles, and was driven 6,500 miles during the year. Determine the following. If required, round your answer for the depreciation rate to two decimal places. (a) The depreciable cost (b) The depreciation rate (c) The units-of-activity depreciation for the year per mile

A building acquired at the beginning of the year at a cost of $97,200 has an estimated residual value of $6,800 and an estimated useful life of four years. Determine the following. a. The double-declining-balance rate fill in the blank 1 % b. The double-declining-balance depreciation for the first year

Partial-Year Depreciation Equipment acquired at a cost of $48,000 has an estimated residual value of $3,000 and an estimated useful life of 10 years. It was placed in service on October 1 of the current fiscal year, which ends on December 31. If necessary, round your answers to the nearest cent. a.  Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method.   Depreciation Year 1 $fill in the blank 1 Year 2 $fill in the blank 2 b.  Determine the depreciation for the current fiscal year and the following fiscal year by the double-declining-balance method.   Depreciation Year 1 $fill in the blank 3 Year 2 $fill in the blank 4

Entries for Sale of Fixed Asset Equipment acquired on January 8 at a cost of $168,000 has an estimated useful life of 18 years, has an estimated residual value of $15,000, and is depreciated by the straight-line method. a. What was the book value of the equipment at December 31 the end of the fourth year? 3,024,00 x Feedback V Check My Work Book value is the initial cost of the fixed asset minus the accumulated depreciation. b. Assume that the equipment was sold on April 1 of the fifth year for $125,000. 1. Journalize the entry to record depreciation for the three months until the sale date. If an amount box does not require an entry, leave it blank. Depreciation Expense-Equipment Accumulated Depreciation-Equipment

Equipment acquired at a cost of $72,000 has an estimated residual value of $4,000 and an estimated useful life of 10 years. It was placed in service on April 1 of the current fiscal year, which ends on December 31. If necessary, round your answers to the nearest cent. a.  Determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method.   Depreciation Year 1 $  ______ Year 2 $  ______ b.  Determine the depreciation for the current fiscal year and for the following fiscal year by the double-declining-balance method. Depreciation Year 1 $  ______ Year 2 $   ______

A building acquired at the beginning of the year at a cost of 1,193,000 has an estimated residual value of $220,000 and an estimated useful life of 40. Determine the following.  A. The double -declining-balance rate B. The double-declining-balance depreciation for the first year