Martin Company purchases a machine at the beginning of the year at a cost of $155,000. The machine is depreciated using the double-declining-balance method. The machine’s useful life is estimated to be 4 years with a $12,900 salvage value. The machine’s book value at the end of year 3 is:

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A: Under Units of production method : Depreciation =(Cost of asset - salvage value )×Actual Units…

Q: depreciation expense on this asset

A: Depreciation expense = (Cost - Savage value) * Hours used in current year/Estimated useful life in…

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A:

Q: original

A: Calculation of gain or loss on the disposal at the end of the third year :

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A: Calculate the year 1 depreciation as follows: Year 1 depreciation = 2*(Book value of asset /5) Year…

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A: Book value of the machine at the end of the estimated useful life is its salvage value.

Q: On January 1, Year 1, Pearson Moving Company paid $41187 cash to purchase a truck. The truck was…

A: Formula: Straight line method depreciation: = ( Asset value - Salvage value ) / Useful life

Q: Lawn & Order, Inc., purchased a truck on January 1, Year 1, at a cost of $109,000. The truck has an…

A: Purchase cost= $109000 Useful life= 5 yrs Salvage value=$21000 Depreciation under Straight line…

Q: A machine purchased by the Bee Buzzsaw Company originally cost $245,000. Delivery and installation…

A: Cost of machine purchased=original cost+installation charges=$245000+$5000 =$250000 Useful life of…

Q: On the first day of the fiscal year, Alpha Corporation purchased a machine with a cost of s65,000.…

A: Straight line method In straight line method, value of a fixed asset is decreased gradually over its…

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A: Depreciation: Depreciation is a method of reducing the capitalized cost of long-lived operating…

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A: With the passage of time, the value of machinery goes on decreasing due to normal wear or tear,…

Q: Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the…

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

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A: Depreciation: Depreciation is a method of reducing the capitalized cost of long-lived operating…

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A: Depreciation expense under the straight-line method is computed by: = (Historical Cost - Salvage…

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A: As per the straight-line depreciation method, equal depreciation is charged each year. in simple…

Q: Martin Company purchases a machine at the beginning of the year at a cost of $155,000. The machine…

A: Thus, depreciation is the decrease in asset value as well as the technique utilized to reallocate,…

Q: Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the…

A: Under double declining method, depreciation is charged on reduced value after every year with the…

Q: Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the…

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

Q: Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the…

A: A non-current asset is the resource owned by a firm which provides future benefit out of its usage.…

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A: The calculation of double declining balance rate has been made as follows: Double declining balance…

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A: Book value of an asset is the value of asset which is reported on the financial statement of the…

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A: Answer)   Calculation of depreciation expense for the year 2 Depreciation for Year 2 = Book value at…

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A: Depreciation rate as per double declining balance method = 2/useful life of asset

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A: 1. Book Value of the Assets - Book value of the assets is the value which is shown on the balance…

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A: Depreciation rate  = 2/useful life  =2/4 =0.5 Or 50%

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A: Straight Line Method: It is a method  of calculating depreciation , amortisation on asset over a…

Q: A machine purchased by the Bee Buzzsaw Company originally cost $245,000. Delivery and installation…

A: Declaimer: “Since you have posted a question with multiple sub-parts, we will solve first three…

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

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A: Double declining rate = 1/Useful life*2

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A: We have the following information: Wetherby purchased a machine on 1 July 20X7 for $500,000  It is…

Q: Assume a company purchased a forklift on May 2, 20Y6 for $23,000. The residual value of the forklift…

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Q: Martin Company purchases a machine at the beginning of the year at a cost of $155,000. The machine…

A: Depreciation is an accounting strategy that spreads the cost of a tangible or physical thing over…

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A: Depreciation is the amount by which an assets' value gets decreased every year.

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A: An asset is recorded at the original cost at which it was acquired. However, an expense for the loss…

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A: Depreciation can be defined as fall in the asset’s historical value each year. Depreciable amount is…

Q: . Calculate annual depreciation expense for the first four years. $fill in the blank…

A:

Q: On the first day of the fiscal year, Alpha Corporation purchased a machine with a cost of $65,000.…

A: Depreciation It  is a systematic allocation of  the cost of an asset which  is used in a business.…

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