Volkwagen car sales hit record high sales of $6.41 million in 2017. If one of their assembly lines purchased a new quality control computer verifying VIN numbers for $8,120 with a 5-year life and residual value of $1,190 was purchased for the store. What is the depreciation expense in year 2 for the computer? Use the straight-line method. Depreciation expense
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- Can you show me how to do this one step by step? 11. DEF, Inc. purchased slot machines at the beginning of 2018 for $20,000. The machines have an estimated residual value of $2,000 and an estimated life of five years or 20,000 hours of operation. A. Using straight line depreciation, calculate the total accumulated depreciation at 12/31/19. B. Using units of production depreciation, calculate depreciation expense for 2018. Assume the machines operate at 5,000 ours in 2018. C. Using double declining balance depreciation, calculate the book value of the machine at 12/31/19.Volkwagen car sales hit record high sales of $6.23 million in 2017. If one of their assembly lines purchased a new quality control computer verifying VIN numbers for $7,985 with a 5-year life and residual value of $1,100 was purchased for the store. What is the depreciation expense in year 2 for the computer? Use the straight-line method. Depreciation expenseWhite Mountain Supply Company purchases warehouse shelving for $18,400. Shipping charges were $370, and assembly and setup amounted to $375. The shelves are expected to last for 8 years and have a scrap value of $700: Use the straight-line method of depreciation to answer the questions. (Round your answers to the nearest cent.) (a) What is the annual depreciation expense (in $) of the shelving)
- Volkswagen car sales hit record high sales of $6.27 million. If one of Volkswagen’s assembly lines purchased a new quality control computer verifying VIN numbers for $6,636 with a 4-year life and residual value of $1,120, what is the depreciation expense in year 2 for the QC computer? Use the straight-line method.A pharmacy is planning to purchase a second-hand scanning microscope at a cost of BD10,500, and its estimated salvage value is BD500 and a projected useful life of four years. Determine the depreciation for 4th year using sum of the years digit (SOYD) method and complete the depreciation schedules with depreciation values and book values. (solve fast and in m/s EXCEL for thumbs up.)A publishing company wants to replace an old machine, which to date is totally depreciated. The new equipment will increase earnings before depreciation and taxes by $ 33,000 per year over its useful life, calculated at 9 years. Its price is $ 166,500 including installation costs. If the company pays taxes of 47% and its MARR is 11%, establish the convenience of replacement if depreciation is declared through: a.straight line method b.Method of the sum of the digits of the years.
- Cisco Systems is purchasing a new bar code scanning device for its service center in San Francisco. The table on the right lists the relevant initial costs for this purchase. The service life of the system is 4 years and its salvage value for depreciation purposes is expected to be about 22% of the hardware cost. a. What is the cost basis of the device? b. What are the annual depreciations of the device if (i) the SL method is used? (ii) the 150% DB method is used? (iii) the 200% DB method is used? c. Calculate the book values of the device at the end of 4 years using all the methods above. Answers: (a) The cost basis of the device is $ (Round to the nearest dollar) (b) Annual depreciaitions and book values: (Round to the nearest dollar) 200% DB Year 1 2 3 4 Book values at end of year 4 SL 150% DB (...) 0 Cost Item Hardware Training Installation Cost $165,000 $15,000 $15,000White Mountain Supply Company purchases warehouse shelving for $18,500. Shipping charges were $370, and assembly and setup amounted to $575. The shelves are expected to last for 8 years and have a scrap value of $800. Use the straight-line method of depreciation to answer the questions. (Round your answers to the nearest cent.) (a) What is the annual depreciation expense (in $) of the shelving? $ 2,330.63 (b) What is the accumulated depreciation (in $) after the third year? $ 6,991.89 (c) What is the book value of the shelving (in $) after the fifth year? $ 85,571.85 XWhite mountain supply company purchases warehouse shelving for 18,400. Shipping charges were $ 370 and assembly and set up amounted to $575. The shelves are expected to the last nine years and have a scrap value of $800. Use a straight line method of depreciation, answer the questions round your answer to the nearest cent. A- what is the annual depreciation expense in dollars of the shelving?  B-what is the accumulated depreciation in dollars after the third year? C-what is the book value of the shelving in dollars after the fifth year?
- Cisco Systems is purchasing a new bar code scanning device for its service center in San Francisco. The table on the right lists the relevant initial costs for this purchase. The service life of the system is 4 years and its salvage value for depreciation purposes is expected to be about 25% of the hardware cost. a. What is the cost basis of the device? b. What are the annual depreciations of the device if (i) the SL method is used? (ii) the 150% DB method is used? (iii) the 200% DB method is used? c. Calculate the book values of the device at the end of 4 years using all the methods above. Answers: (a) The cost basis of the device is (Round to the nearest dollar) (b) Annual depreciaitions and book values: (Round to the nearest dollar) Year 1 2 3 4 Book values at end of year 4 SL $ 150% DB $ 200% DB $ $ C Cost Item Hardware Training Installation Cost $165,000 $16,000 $14,000Maybe a guide for this one. 9. XYZ Co. purchased a truck on January 1, 2016, for $48,000. The company decided to depreciate the truck over a five-year period using the straight-line method. The company estimated its residual value at $3,000. Show how the costs should be presented on the balance sheet and income statement for the full year ended June 30, 2018. Label the statements properly.A company bought a machine for BD300,000 which has a useful life of 7 years and can be sold for BD30,000 at the end of its useful life. Determine the Depreciation schedules, dn Accumulated depreciation, Dn Book value, Cn using straight line method and double declining balance method. Generate the plots using Microsoft excel. Repeat problem #1 if there is an installation cost of BD20,000. Repeat problem #1 if there is a dismantling cost of BD5,000. The coupon interest rate issued by Jordan Company on a 10-year bond is 10%, with a par value of BD1,000 and pays interest semi-annually. The required annual return expected by the company is 12%. Determine the bond’s value?
