A machine with a cost of 120,000 has an estimated residual value of 15,000 and an estimated life of five years or 15000 hours. It is to be depreciated by the units of output method. What is the amount of depreciation for the second full year, during which the machine was used 5000 hours?

Q: Equipment with a cost of $304,000 has an estimated residual value of $41,600, has an estimated…

A: Depreciationn is considered a reduction in the value of asset give two uses of that asset. We can…

Q: What is the amount of the annual depreciation computed by the straight-line method?

A: Given: Cost of asset = $ 66,700 Residual value = $ 5,100 Useful life = 14 years

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A:

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A: Please Note: Since you have asked multiple questions, we will solve the first question for you. If…

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A: Depreciation per hour (Units of production method) =(cost of Asset - salvage value )  / Estimated…

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A: Unit of Output method Unit of production depreciation, also called as activity method, calculates…

Q: A machine costing P 733,615 is estimated to have a life of 10 years. If the annual rate of…

A: Under Constant percentage of declining balance method, to calculate depreciation for current year,…

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A: Double-declining balance method (Accelerated method): In this method of depreciation, the…

Q: A machine with a cost of $560,000 has an estimated salvage value of $8)0,000 and an estimated useful…

A: Given data, Asset cost =$560,000 Salvage value =$80,000 Useful life =40,000 hours The machine was…

Q: A machine that cost $ 20,000 has been depreciated on a straight line basis assuming a service life…

A: Annual Depreciation = (Cost of the assets - Salvage value) / life of the assets = ($20,000 - 0) / 10…

Q: An ice machine was purchased for $400,000 with a residual value of $75,000 and a life of 2,500…

A: Assets: Assets are the resources of an organization used for the purpose of business operations.…

Q: A machine with a cost of $100 000 has an estimated residual value of $10 000 and an estimated life…

A: Solution..     Cost = $100,000  Salvage value = $10,000  Life = 45,000 hours over the estimated life…

Q: A machine with a cost of $65,900 has an estimated residual value of $3,425 and an estimated fe of 5…

A: The double declining balance method of depreciation is an accelerated method of depreciation. In…

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A: Double Declining Balance Method Formula =  Cost of the asset X Depreciation rate Depreciation rate…

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A: Depreciation represents the reduction in the value of the asset over a useful life of the asset. It…

Q: A machine that cost $400,000 has an estimated residual value of $40,000, an estimated useful life of…

A: Depreciation is a reduction in the value of assets due to the usage of that asset. We can evaluate…

Q: Equipment with a cost of $950000 has an estimated salvage value of $30000 and an estimated life of 4…

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

Q: depreciation in year 3

A: units of production depreciation method : it is the one of the method for calculation of…

Q: A machine with a cost of $55,400 has an estimated residual value of $4,246 and an estimated life of…

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

Q: A machine with a cost of $77,082.00 has an estimated residual value of $5,948.00 and an estimated…

A: Depreciation expense = [(Cost of machine - Residual Value) / Total Hours ] *  Machine Hours used

Q: The cost of a machine is 9400 RO with a residual value of 400 RO. The estimated units machine will…

A: Depreciation (units of production) = (Original cost - Residual value) x (Units produced / Total…

Q: An equipment costs P480,000 and has a salvage value of 10% of its cost at the end of its economic…

A: The straight-line method charges depreciation by an equal amount and if the useful life of an asset…

Q: A machine with a cost of $67,523.00 has an estimated residual value of $4,597.00 and an estimated…

A: Given: It is to be depreciated by the units-of-production method.   Units-of-Production Method…

Q: A machine with a cost of $55,000 has an estimated residual value of $3,852 and an estimated life of…

A: A double-declining balance method is an accelerated depreciation method Using this method, the value…

Q: A machine cost RO 50,000 and its estimated salvage value is RO 5000 and its expected life is eight…

A: Given Cost = RO 50,000 Salvage Value = RO 5000

Q: Equipment with the cost of $160,000, and estimated residual value of $40,000, and an estimate life…

A: Depreciation is a charge against profit due to wear and tear of assets due to the factor of time.

Q: A machine with a cost of $65,400 has an estimated residual value of $4,262 and an estimated life of…

A: Dpreciation rate=1Useful life×2=15×2=40%

Q: Equipment with a cost of $446,900 has an estimated residual value of $51,400, has an estimated…

A: depreciation = cost - residual value/ useful life. Carrying amount = cost -depreciation.

Q: A machine with a cost of $135,000 has an estimated residual value of $15,000 and an estimated life…

A: Machine Hour Method:  Under this method, depreciation is calculated on the basis of hours that the…

Q: Equipment with a cost of $200,000 has an estimated residual value of $10,000, has an estimated…

A:

Q: A machine with a cost of $59,600 has an estimated residual value of $3,072 and an estimated life of…

A: In the double declining method of depreciation, the expenses of an asset are considered to be double…

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A: Working Note: Double declining depreciation rate = Straight line depreciation rate x 2 = (100/5…

Q: A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated usefullife…

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

Q: Equipment with a cost of 220,000 and has an estimated residual value of 30,000 and an estimated life…

A: Depreciation is a reduction in the value of assets due to the usage of that asset. We can evaluate…

Q: from the following facts,for the units produced depreciation what is  given cost - $40,000…

A: Given that, cost - $40,000 residual value - $5,000 total units produced for useful life calculation…

Q: A machine costing P250,000 has an estimated life of 15 years with a book value of P30,000 at the end…

A: Depreciation rate = 1Estimated useful life×100 = 115 Years ×100 = 6.67% Current book value = Cost -…

Q: A truck with a cost of $123,000 has an estimated residual value of $24,000, has an estimated useful…

A: Hello. Since your question has multiple parts, we will solve first question for you. If you want…

Q: A machine with a cost of $57,300 has an estimated residual value of $3,956 and an estimated life of…

A: Depreciation is a method which reallocates the cost of a tangible asset over its useful lifeIn…

Q: A truck with a cost of $80,000 has an estimated residual value of $15,000, has an estimated useful…

A: Introduction: Depreciation: Decreasing value of fixed assets over its useful life period called as…

Q: determine the total depreciation

A: Any fixed asset purchased has a fixed life throughout which it has to be used. Over the course of…

Q: A machine with a cost of $66,200.00 has an estimated residual value of $3,201.00 and an estimated…

A: Working Notes: Original cost = $ 66200 Residual value = $ 3201 Estimated life = 5 years or 18256…

Q: A machine with a cost of $75,000 has an estimated residual value of $5000 and an estimated life…

A: Depreciation using Double Declining Balance Method Double Declining Balance Depreciation Rate = 2 x…

Q: A machine with a cost of $120,000 has an estimated residual value of $15,000 and an estimated life…

A: Hey, since there are multiple requirements posted, we will answer the first three requirements. If…

Q: A machine with a cost of $50,000 has an estimated residual value of $5,000 and an estimated useful…

A: Given the following information: Cost of the machine: $50,000 Residual value: $5,000 Estimated…

Q: Equipment with a cost of $180,000 has an estimated residual value of $14,400, has an estimated…

A: Straight-line method - It is a method in which the same depreciation is charged year after year from…

Q: A machine with a cost of $76,828.00 has an estimated residual value of $5,216.00 and an estimated…

A: Units-of-production method: The depreciation method which assumes that the consumption of economic…