Which of the following formulas in cell CB, when copied to cells C9 through C12, would yield the correct amount of double-declining- balance depreciation? 1 2 Cost 3 Salvage 4 Life (in years) 5 6 78 A 9 10 11 12 Year 1 2 3 4 5 B $440,000 $40,000 5 January 1 book value $440,000 $264,000 $158,400 $95,040 $57,024 C Depreciation Expense $176,000 $105,600 $63,360 $38,016 $17,024 D Accumulated Depreciation $176,000 $281,600 $344,960 $382,976 $400,000 E December 31 book value $264,000 $158,400 $95,040 $57,024 $40,000

Peavey Enterprises purchased a depreciable asset for $25,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $2,600, what will be the amount of accumulated depreciation on this asset on December 31 Year 3? Multiple Choice О $5,600 $22,400 $18,667 $15,400 О $4,667

Assume that a machine costing $120,000 and having a useful life of 10 years (with 10 salvage value). a. Compute the depreciation expense in year 5 by using straight-line col to ensrla 15 b. Compute the depreciation expense in year 7 by using sum-of-the-years' digits c. Compute the depreciation expense in year 3 by using double-declining method Question

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d. The depreciation deduction for year 11 of an asset with a 20-year useful life is $3,600. If the salvage value of the asset was estimated to be zero and straight line depreciation was used to calculate the depreciation deduction for year 11, the initial cost of this asset is most closely equal to which of the following values? (a) $42,000 (b) $67,750 $72,500 (d) $80,000 e. Consider the following data extracted from an After Tax Cash Flow calculation. Before Tax Cash Flow = $22,500 Loan Principal Payment = $7,434 Loan Interest Payment = $892 MACRS Depreciation Deduction = $7,405 Taxes Due = $5,397 Which of the following is closest to the After Tax Cash Flow? (a) $1,372 $8,777 (c) $8,806 (d) $16,211

What is the amount of double declining balance depreciation for year 4 if the cost of an asset is $75,000 the useful life is 5 years and the salvage vague is $4000

Cost of equipment $64,000, salvage value $10,000, current year deprciation $5000, Total accumulatated depreciation at the end of the year is $31,000. What is the remainder of useful life? a) 7.8  b) 12.8  c) 4.6  or d) 10.8 not sure if I rewrote the question and infor correctly..

An asset purchased 1 January 20x4, costing $10,000, with a 10-year useful life and no salvage value, was depreciated using the straight-line method during its first three years. During 20x7, the total useful life was re-estimated to be 17 years. What is the amount of depreciation expense in 20x8? Multiple Choice $500 $412

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N6    A new machine tool is being purchased for $260,000 and is expected to have a $36,000 salvage value at the end of its 5-year useful life. Assume any remaining depreciation is claimed in the last year. Compute the depreciation schedules for this capital asset, using the following methods: (a) Straight-line depreciation (b) MACRS Note: No statement is required for this problem.