A three-year-old machine has a cost of $65,000, an estimated residual value of $6,000, and an estimated useful life of five years. The company uses double-declining-balance depreciation. Calculate the net book value at the end of each year. Net book value First Year Second Year Third Year

Find the depreciation for the fourth year using MACRS​ cost-recovery rates for the property placed in service at midyear. The property is a​ 3-year property and was purchased for ​$90,981. MACRS Table Depreciation rate for recovery period Year ​3-Year ​5-Year ​7-Year ​10-Year ​15-Year ​20-Year 1   33.33 ​% 20.00 ​% 14.29 ​% 10.00 ​% 5.00 ​% 3.750 ​% 2   44.45   32.00   24.49   18.00   9.50   7.219   3   14.81   19.20   17.49   14.40   8.55   6.677   4   7.41   11.52   12.49   11.52   7.70   6.177   5       11.52   8.93   9.22   6.93   5.713   6       5.76   8.92   7.37   6.23   5.285   7           8.93   6.55   5.90   4.888   8           4.46   6.55   5.90   4.522   9               6.56   5.91   4.462…

A company purchased machinery for $ 200,000 on 1st January . It has an estimated useful life of 10 years and an estimated salvage value of $ 20,000 . The firm sells the asset at the salvage value at the end of the 10th year . The machine has an expected production of 15000 units during its useful life . Now the production pattern is as follows : Year Production 1-3 2000 units per year 4-7 1500 units per year 8-10 1000 units per year Answer the following questions using the Units of Production Method .   a . What is the BV at year - 3 ? b . What is the BV at year - 10 ? c . What is the cumulative depreciation through year - 8 ?

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A tool is purchased for $500,000. The expected life is 25 years.  The salvage value is $100,000. what is the second year’s depreciation using the double declining balance method.

A company purchases a delivery van for $23,000. The van is estimated to have a four-year service life and a residual value of $2,100. During the four-year period, the company expects to drive the van 110,000 miles. Required: Calculate annual depreciation for the four-year life of the van using each of the following methods. 1. Straight-line 2. Double-declining-balance 3. Activity-based (Actual miles driven each year were 20,000 miles in Year 1; 29,000 miles in Year 2; 22,000 miles in Year 3; and 27,000 miles in Year 4. Note that actual total miles of 98,000 fall short of expectations by 12,000 miles.) Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate annual depreciation for the four-year life of the van using the straight-line method. (Round your final answers to the nearest whole dollar.) Depreciation expense 3 of 31 ⠀ Next >

A machine can be purchased for $90,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $18,000 Income Year 1 Year 3 Year 5. $6,000 $36,000 $60,000 Compute the machine's payback period. (Round payback period answer to 2 decimal places.) Year Initial invest - Year 1 Year 2 Year 3 Year 4 Year 5 Net Income Depreciation $ Year 2 $15,000 6,000 15,000 36,000 22,500 60,000 Year 4 $22,500 Net Cash Flow $ Cumulative Net Cash Flow (90,000) $ Payback period- (90,000)

An income producing asset costs $6,630 and will be depreciated using 150% Declining Balance with a $896 salvage value over 13 years. What is the Book Value at the end of year 1?

A machine can be purchased for $130,000 and used for five years, yielding the following income. This income computation includes annual depreciation expense of $26,000. Income Year 1 $8,800 Year 2 $21,800 Year 3 $57,000 Year 4 $32,900 Year 5 $87,200 Compute the machine's payback period. (Round payback period answer to 2 decimal places.) × Answer is complete but not entirely correct. Year Net Income Depreciation Net Cash Flow Cumulative Net Cash Flow Initial invest $ (130,000) $ (130,000) Year 1 $ 8,800 $ 26,000 34,800 34,800 x Year 2 21,800 26,000 47,800 82,600 x Year 3 57,000 26,000 83,000 130,000 × Year 4 32,900 26,000 Year 5 87,200 26,000 Payback period = 2.57 years

A company bought a new display case for $42,000 and estimated residual value to be $2,000 and the useful life to be eight years. Using straight-line depreciation, what is the book value of the display case after three years? $24,000 $15,750 $15,000 $27,000