Units-of-activity Depreciation A truck acquired at a cost of $495,000 has an estimated residual value of $27,900, has an estimated useful life of 54,000 miles, and was driven 4,300 miles during the year. Determine the following. f 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 467,100 per mile

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

Equipment with a cost of $147,432 has an estimated residual value of $9,489 and an estimated life of 5 years or 12,507 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation for the first full year, during which the equipment was used 3,328 hours? a. $36,705.39 b. $41.45 c. $5.00 d. $27,588.60

Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $725,600. The equipment was expected to have a useful life of four years, or 10,400 operating hours, and a residual value of $60,000. The equipment was used for 3,640 hours during Year 1, 2,184 hours in Year 2, 2,912 hours in Year 3, and 1,664 hours in Year 4. Required: 1.  Determine the amount of depreciation expense for the four years ending December 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Round the answer for each year to the nearest whole dollar. Depreciation Expense Year Straight-Line Method   Units-of-Activity Method   Double-Declining-Balance Method Year 1 $fill in the blank 1   $fill in the blank 2   $fill in the blank 3   Year 2 $fill in the blank 4   $fill in the blank 5   $fill in the blank 6   Year 3 $fill in…

Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $104,000 has an estimated residual value of $4,000 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 %

Comparing Three Depreciation Methods Dexter Industries purchased packaging equipment on January 8 for $480,400. The equipment was expected to have a useful life of four years, or 7,600 operating hours, and a residual value of $39,600. The equipment was used for 2,660 hours during Year 1, 1,596 hours in Year 2, 2,128 hours in Year 3, and 1,216 hours in Year 4. Required: 1. Determine the amount of depreciation expense for the four years ending December 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the four years by each method. Round the answer for each year to the nearest whole dollar. Year Year 1 Year 2 Year 3 Year 4 Straight-Line Method $ Depreciation Expense $ $ Total $ 2. What method yields the highest depreciation expense for Year 1? S S Units-of-Activity Method Double-Declining- Balance Method 3. What method yields the most depreciation over the four-year life of…

Units-of-activity Depreciation A truck acquired at a cost of $640,000 has an estimated residual value of $35,200, has an estimated useful life of 64,000 miles, and was driven 5,100 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 per mile (c) The units-of-activity depreciation for the year

Units-of-activity Depreciation A truck acquired at a cost of $215,000 has an estimated residual value of $13,400, has an estimated useful life of 48,000 miles, and was driven 4,800 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 per mile (c) The units-of-activity depreciation for the year