Contemporary Mathematics For Business & Consumers, Brief Edition, Loose-leaf Version
8th Edition
ISBN: 9781305867192
Author: Robert Brechner, Geroge Bergeman
Publisher: South-Western College Pub
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 17, Problem 12AT
Screen Gems Movie Theater purchased a new projector for $155,000 with a salvage value of $2,000. Delivery and installation amounted to $580. The projector is expected to have a useful life of 15,000 hours. Complete the following depreciation schedule for the first four years of operation by using the units-of-production method.
Screen Gems Movie Theater Units-of-Production Depreciation Schedule Projector
End of Year | Depreciation per Hour | Hours | AnnualDepreciation | AccumulatedDepreciation | BookValue |
1 | 2.300 | (new) | |||
2 | 1.890 | ||||
3 | 2,160 | ||||
4 | 2.530 |
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Make a partial depreciation schedule for the third year using the units-of-production depreciation for a laser engraver that costs $42,000 and has a scrap value of $3,000. The engraver has an expected life of 200,000hours and is expected to last 15 years.
Year
Hours used
Annual depreciation
Accumulated depreciation
End-of-year book value
1
24,184
2
20,598
3
22,575
Complete the table below. Round each answer to the nearest cent.
Year
Hours used
Annual depreciation
Accumulated depreciation
End-of-year book value
1
24,184
$4,715.88
$4,715.88
$37,284.12
2
20,598
$4,016.61
$8,732.49
$33,267.51
3
22,575
$enter your response here
$enter your response here
$enter your response here
Mason Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,817.
The useful life is 7 years and the salvage value is $12,952. Prepare a depreciation schedule using the straight-line method.
Mason IndustriesDepreciation Schedule—Drilling
End of Year
Annual Depreciation ($)
Accumulated Depreciation ($)
Book Value ($)
$78,717 (new)
1
$
$
$
2
$
$
$
3
$
$
$
4
$
$
$
5
$
$
$
6
$
$
$
7
$
$
$
A company constructed its factory with a fixed capital investment of 120million pesos. The netincome after tax and depreciation is expected to be 230 million pesos per year. Annualdepreciation cost is 10% of fixed capital investment. Determine the payout period in years.
Chapter 17 Solutions
Contemporary Mathematics For Business & Consumers, Brief Edition, Loose-leaf Version
Ch. 17.I - Wild Flour Bakery purchased a new bread oven for...Ch. 17.I - Prob. 2TIECh. 17.I - Prob. 3TIECh. 17.I - Prestige Limousine Sen ice purchased a limousine...Ch. 17.I - Prob. 1RECh. 17.I - Prob. 2RECh. 17.I - Prob. 3RECh. 17.I - Prob. 4RECh. 17.I - Prob. 5RECh. 17.I - Prob. 6RE
Ch. 17.I - Prob. 7RECh. 17.I - Prob. 8RECh. 17.I - The Huffy Laundromat purchased new washing...Ch. 17.I - Prob. 10RECh. 17.I - Prob. 11RECh. 17.I - Prob. 12RECh. 17.I - Prob. 13RECh. 17.I - Prob. 14RECh. 17.I - Prob. 15RECh. 17.I - Prob. 16RECh. 17.I - Prob. 17RECh. 17.I - Complete Exercises 18-23 as they relate to the...Ch. 17.I - Prob. 19RECh. 17.I - Prob. 20RECh. 17.I - Complete Exercises 18-23 as they relate to the...Ch. 17.I - Prob. 22RECh. 17.I - Complete Exercises 18-23 as they relate to the...Ch. 17.I - Prob. 24RECh. 17.I - Prob. 25RECh. 17.I - Prob. 26RECh. 17.I - Prob. 27RECh. 17.I - Prob. 28RECh. 17.I - Prob. 29RECh. 17.I - Prob. 30RECh. 17.I - Prob. 31RECh. 17.I - You are the accountant for Raleigh Industries, a...Ch. 17.I - BUSINESS DECISION: REPLACING AN ASSET Supreme Auto...Ch. 17.II - Prob. 5TIECh. 17.II - Prob. 6TIECh. 17.II - 1. Ink Masters Printing purchased a new printing...Ch. 17.II - Prob. 2RECh. 17.II - Prob. 3RECh. 17.II - Prob. 4RECh. 17.II - Prob. 5RECh. 17.II - All-That-Glitters Mining Company paid $49.250.000...Ch. 17.II - 7. Sequoia Timber Company purchased land...Ch. 17.II - Prob. 8RECh. 17 - Prob. 1CRCh. 17 - Prob. 2CRCh. 17 - 3. The useful _____ is the length of time an asset...Ch. 17 - Prob. 4CRCh. 17 - 5. Depreciation methods that assume an asset...Ch. 17 - Prob. 6CRCh. 17 - Prob. 7CRCh. 17 - 8. A method of accelerated depreciation that uses...Ch. 17 - Prob. 9CRCh. 17 - Prob. 10CRCh. 17 - Prob. 11CRCh. 17 - Prob. 12CRCh. 17 - Prob. 13CRCh. 17 - When natural resources are depleted, the average...Ch. 17 - Calculate the total cost, total depreciation, and...Ch. 17 - Calculate the total cost, total depreciation, and...Ch. 17 - Oxford Manufacturing. Inc., purchased new...Ch. 17 - Prob. 4ATCh. 17 - Prob. 5ATCh. 17 - Prob. 6ATCh. 17 - Prob. 7ATCh. 17 - Prob. 8ATCh. 17 - Prob. 9ATCh. 17 - Prob. 10ATCh. 17 - Prob. 11ATCh. 17 - Screen Gems Movie Theater purchased a new...Ch. 17 - Stone Age Concrete, Inc. MACRS Depreciation...Ch. 17 - Prob. 14ATCh. 17 - In January 2002. Marine Science Corporation was...
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan payments total $17,920 . What is your family’s annual income?arrow_forwardA surface mount PCB placement/soldering line is to be installed for $1.300,000. It will have a salvage value of $90,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using double declining balance depreciation. EOY 0 1 ~ 3 + 2 5 Sum depreciation Depreciation Balance 20arrow_forwardYou invest $10,000 in the Big Delta mutual fund. Over 5 years, your investment grows in value to $17,320. What are your total and annual returns for the 5-year period?arrow_forward
- The cost of a machine is 9400 RO. The residual value is 730 RO and the useful life is 5 years. Calculate the depreciation for the first year using Written down value method. a. RO 3760 b. RO 3384 c. RO 5640 d. RO 2256arrow_forwardMake a partial depreciation schedule for the first year using the units-of-production depreciation for a laser engraver that costs $38,000 and has a scrap value of $4,000. The engraver has an expected life of 400,000hours and is expected to last 15 years. Year Hours used Annual depreciation Accumulated depreciation End-of-year book value 1 24,231 Complete the table below. Year Hours used Annual depreciation Accumulated depreciation End-of-year book value 1 24,231 $enter your response here $enter your response here $enter your response here (Type an integer or decimal rounded to the nearest cent as needed.)arrow_forwardEstimate the present value of the tax benefits from depreciation.arrow_forward
- José bought a motorboat for $ 27,000. Its useful life is 9 years and it has a residual value of $ 1,620. Indicates the depreciation and the present value of the motor at the end of the period, respectively.arrow_forwardCalculate the total cost of interest for both mortgage options. How much does the buyer save in interest with the 15- year option?arrow_forwardThe purchase value of a class set of iPads is $20,750. Its annual depreciation is $1,929. The value of the clas set of iPads after 5 years is $ Question Help: Video Submit Questionarrow_forward
- A surface mount PCB placement/soldering line is to be installed for $2,300,000. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the MACRS-GDS Table Calculator Part a Your answer is partially correct. Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life using declining balance depreciation using a rate that ensures the book value equals the salvage value.arrow_forwardCalculate the return on investment for 2,100 shares of a mutual fund purchased with an offer price of $15.01 if the shares were sold with a NAV of $17.83. The shares paid a dividend of $0.79 per share during ownership.arrow_forwardA public utility intends to buy a turbine as part of an expansion plan and must now decide on thenumber of spare parts to order. One part, no. X135, can be purchased for $100 each. Carrying anddisposal costs are estimated to be 145 percent of the purchase price over the life of the turbine. Astockout would cost roughly $88,000 due to downtime, ordering, and “special purchase” factors.Historical records based on the performance of similar equipment operating under similar conditions suggest that demand for spare parts will tend to approximate a Poisson distribution with amean of 3.2 parts for the useful life of the turbine.a. What is the optimal number of spares to order?b. Carrying no spare parts would be the best strategy for what range of shortage cost?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Solve ANY Optimization Problem in 5 Steps w/ Examples. What are they and How do you solve them?; Author: Ace Tutors;https://www.youtube.com/watch?v=BfOSKc_sncg;License: Standard YouTube License, CC-BY
Types of solution in LPP|Basic|Multiple solution|Unbounded|Infeasible|GTU|Special case of LP problem; Author: Mechanical Engineering Management;https://www.youtube.com/watch?v=F-D2WICq8Sk;License: Standard YouTube License, CC-BY
Optimization Problems in Calculus; Author: Professor Dave Explains;https://www.youtube.com/watch?v=q1U6AmIa_uQ;License: Standard YouTube License, CC-BY
Introduction to Optimization; Author: Math with Dr. Claire;https://www.youtube.com/watch?v=YLzgYm2tN8E;License: Standard YouTube License, CC-BY