A firm is trying to decide whether to keep anitem of construction equipment for another year. Thefirm has been using DDB for book purposes, and thisis the fourth year of ownership of the equipment,which cost $125,000 new. The useful life of the assetwas eight years. What was the depreciation in year 3?

Q: Kenzie Company purchased a 3-D printer for $318,000. Although this printer is expected to last for…

A: Double declining depreciation rate = Straight line depreciation rate x 2 = (100/3 years) x 2 =…

Q: Kenzie Company purchased a 3-D printer for $597,000. Although this printer is expected to last for…

A: Depreciation- A depreciation term refers to reduce or fall in the price of tangible assets till its…

Q: AG&M Cutting Tools Company purchased a new abrasive jet-cutting machine in 2012 at a cost of…

A: a.   Compute the value of cost basis of the machine:   Hence, the value of cost basis of the…

Q: Millar, Inc., purchased a truck to use for deliveries and is attempting to determine how…

A: Depreciation is an indirect non-cash expenditure incurred on the reduction in book values of…

Q: A company uses a computer for its employees to record their entry and exit digitally, the equipment…

A: Equipment cost = $ 32000 Scrap value = $ 7500 Life = 10 Years

Q: In 2012, you purchased a spindle machine (seven-year MACRS property class)for $28,000, which you…

A:

Q: Kenzie Company purchased a 3-D printer for $303,000. Although this printer is expected to last for…

A: Straight line depreciation rate=100%Estimated useful life=100%3 years=33.33%

Q: Keyser Company purchased a machine that has a manufacturer’s suggested life of 20 years. The company…

A:

Q: A FedEx sorting machine that cost $10,000 with a useful life of five years and a residual value of…

A: Depreciation: Depreciation means the reduction in the value of an asset over the life of the assets…

Q: NUBD Co. had a machine with an original cost of P95,000 and an estimated salvage value of 5,000.  It…

A: Annual Depreciation on old machine = (Cost of the assets - Salvage value) / life of the assets =…

Q: Lyceum of Aparri purchased an asset for P 12,555.00 and plans to keep it for 19 years. If the…

A: Depreciation: A depreciation is a non-cash expenses for the company. The depreciation expenses is…

Q: NewTech purchases computer equipment for $260,000 to use in operating activities for the next four…

A: Formula: Depreciation rate : = ( 100 / Useful life years  ) x 2

Q: In 1993, Concord Company completed the construction of a building at a cost of $ 2,100,000 and first…

A: Cost = $525000 salvage value = $21000 Useful life = 30 years Depreciation = (525000-21000)/30 =…

Q: Colquhoun International purchases a warehouse for $300,000. The best estimate of the salvage value…

A: Cost of warehouse $3,00,000 Less: Estimated Salvage Value $15,000 Depreciable Value ($300000 -…

Q: KFC purchased a new low-fat chicken cooker at a cost of RO 26,500. The estimated life of the fryer…

A: Given Cost = 26500 Life = 5 years

Q: NewTech purchases computer equipment for $267,000 to use in operating activities for the next four…

A: SOLUTION:   Straight line method of depreciation: Under this method, a fixed percentage on the…

Q: My question is this: GIPI will depreciate the gymnasium building using the straight-line method over…

A: Depreciation is an accounting technique for distributing a tangible or fixed asset's cost over its…

Q: A company that manufactures food and beverages in the vending industry has purchased some handling…

A: Given: Cost of the equipment = $ 75,000

Q: Kenzie Company purchased a 3-D printer for $402,000. Although this printer is expected to last for…

A: Given information: Cost of 3D printer =$402,000 Salvage value = 30,000 Life = 3 years   In the…

Q: Finx, Inc., purchased a truck for $35,000. The truck is expected to be driven 15,000 miles per…

A: Depreciation: It refers to a gradual decrease in the fixed asset’s value because of obsolescence,…

Q: On January 1, Celebrity Allures Inc. bought a new popcorn popper for one of their movie theaters.…

A: Depreciable cost=Cost-Salvage value=$6,000-$500=$5,500

Q: ABC Company purchases equipment with a cost of $100,000.  In addition, it pays $20,000 to install…

A: The value of assets goes on decreasing with the passage of time due to various reasons such as…

Q: Kenzie Company purchased a 3-D printer for $597,000. Although this printer is expected to last for…

A: The depreciation expense is charged on fixed assets as reduction in the value of fixed assets with…

Q: Alfredo Company purchased a new 3-D printer for $850,000. Although this printer is expected to last…

A: Depreciation expense = (Cost - Salvage value) / Useful life

Q: On January 1, Celebrity Allures Inc. bought a new popcorn popper for one of their movie theaters.…

A: Explanation: Straight-line depreciation refers to the method of depreciation in which an equal…

Q: A firm is trying to decide whether to keep an item of construction equipmentanother year. The firm…

A: DDB method is known as Double declining balance method and in this method, depreciation is charged…

Q: On January 1, Celebrity Allures Inc. bought a new popcorn popper for one of their movie theaters.…

A: Rate=1×2useful life×100=28×100=25%

Q: NewTech purchases computer equipment for $154,000 to use in operating activities for the next four…

A: Given information is: New Tech purchases computer equipment for $154,000 to use in operating…

Q: Q: Finx, Inc., purchased a truck for $35,000. The truck is expected to be driven 15,000 miles per…

A: Determination of depreciation

Q: [The following information applies to the questions displayed below.] On January 1, the Matthews…

A: Depreciation is considered as an expense charge on the value of the Asset. It can be calculated by…

Q: Alfredo Company purchased a new 3-D printer for $884,000. Although this printer is expected to last…

A: Depreciation is an accounting method in which assets are gone through wear and tear over time and…

Q: NUBD Co. had a machine with an original cost of P95,000 and an estimated salvage value of 5,000. It…

A: Sunk cost refers to expenses which have already been incurred and cannot be recovered at any cost…

Q: Kenzie Company purchased a 3-D printer for $591,000. Although this printer is expected to last for…

A: Depreciation means the loss in value of assets because of usage of assets , passage of time or…

Q: A civil engineer who owns his own design/build/operate company purchased a small crane 3 years ago…

A: Replacement analysis is the process by which the various costs consequences involved are studied so…

Q: Assume that in January 20X6, a Hotcake House restaurant purchased a building, paying $57,000 cash…

A: Income statement forms a part of financial statements of company and is prepared to ascertain the…

Q: On January 2, 2018, Quick Delivery Service purchased a truck at a cost of $95,000. Before placing…

A: Formula: Straight line depreciation = ( cost of asset - salvage value ) / useful life of asset.

Q: 16. $ drove the truck 125,000 and 134,000 miles, respectively, to deliver merchandise to its…

A: Depreciation means the amount fixed assets written off due to normal wear and tear , normal usage ,…

Q: Kelly’s Fitness Center purchased a new step machine for $16,500. The apparatus is expected to last…

A: The cost of an asset include all the cost incurred till the asset are ready for intended use. After…

Q: Kenzie Company purchased a 3-D printer for $345,000. Although this printer is expected to last for…

A: Depreciation rate = (100% / 3 years)*2                              = 66.67%

Q: A firm is trying to decide whether to keep an item of construction equipment another year. The firm…

A: Depreciation is the decrease in value of an asset due to various reasons like wear and tear,…

Q: A firm is trying to decide whe ther to keep an item of construction equipmentanother year. The firm…

A: Depreciation: It refers to a gradual decrease in the fixed asset’s value because of obsolescence,…

Q: The “Big-Deal” Company has purchased new furniture for their offices at a retail price of $125,000.…

A: Step 1 Depreciation is the written down in the value of the assets.

Q: mpany purchased a 3-D printer for $411,000. Although this printer is expected to last for ten years,…

A: Double Declining method of depreciation: It is a method in which assets are depreciated at twice the…

Q: manufacturer of aerospace products purchased four flexible assembly cells for ​$530,000 each.…

A: The question is based on the concept of Cost Accounting. As per the Bartleby guidelines we are…

Q: A new vehicle was purchased on January 1 for $42,000. It has a salvage value of $9,000 and a useful…

A: Under the straight-line method: Annual depreciation = (Original cost - Salvage value) / Useful life

Q: William, Inc., purchased a truck to use for deliveries and is attempting to determine how much…

A: Depreciable cost=Value of truck-Salvage value=75,000-6,000=69,000

Q: On January 1, Celebrity Allures Inc. bought a new popcorn popper for one of their movie theaters.…

A: The value of assets goes on decreasing with the passage of time due to various reasons such as…

Q: Kenzie Company purchased a 3-D printer for $444,000. Although this printer is expected to last for…

A: Fixed assets: These are the assets which were used in the business for more than one year. These…