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9. The
A. P0
B. P200
C. P50
D. P1,000
Step by step
Solved in 4 steps with 2 images
- What amount of depreciation should be recognized for the current year? **see attached pica. 550,000b. 600,000c. 625,000d. 460,000Instructions in the picture. Cannot figure out depreciation for 2025. The answer is not 26,000 *.38 or 9500 - 1000.6) An asset was bought for OMR.12,000. Its accumulated depreciation is OMR.7,700 and the rate of depreciation is 20%. What is the amount of depreciation charge for the current accounting period using reducing balance method? A) OMR.1540 B) OMR.940 C) OMR. 2400 D) OMR.860
- P9.3(a. Compute the original cost of machine ; and depreciation expense on Dec 31,2020) (b) (c)PQ16.08 Equipment that cost $144,000 and on which $120,000 of accumulated depreciation has been recorded was disposed of for $36,000 cash. The entry to record this event would include ??SHOW YOUR SOLUTION IN GOOD ACCOUNTING FORM. THANK YOU What amount should be recorded as depreciation for 2021? A. 180000 B. 220000 C. 250000 D. 275000
- Could you please explain why Depreciation Expenses for the year 2021 was calucated as $40,000 x 150% x (3/12)=$1,5009. How much should be the balance of the accumulated depreciation for these machineries on December 31, 2021? a. ₱ 7,040,000 b. ₱ 5,840,000 c. ₱ 6,160,000 d. ₱ 6,400,000E11.9 (LO1,2) (Component Depreciation) Morrow Manufacturing has equipment that is comprised of five components (amounts in thousands). Component Cost Estimated Residual Estimated Life (in years) A ¥40,500 5,500 10 B 33,600 4,800 9 C 36,000 3,600 8 D 19,000 1,500 7 E 23,500 2,500 6 Instructions a. Prepare the adjusting entry necessary at the end of the year to record depreciation for the year. Assume that Morrow uses straight-line depreciation. b. Prepare the entry to record the replacement of component B for cash of ¥40,000. It was used for 6 years.
- What is the loss on realization of noncash assets? a. 632,000 b. 875,000 c. 855,000 d. 612,000Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the purchase of the printer impacts not only depreciation expense each year but also the assets book value. What amount will be recorded as depreciation expense each year, and what will the book value be at the end of each year after depreciation is recorded?The total loss on realization of assets was P360,000 P444,000 P480,000 P516,000
