Business
AccountingFinancial & Managerial AccountingUnits-of-activity depreciation A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles, and was driven 77,000 miles during the year. Determine (A) the depreciable cost, (B) the depreciation rate, and (C) the units-of-activity depreciation for the year.

Units-of-activity depreciation A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles, and was driven 77,000 miles during the year. Determine (A) the depreciable cost, (B) the depreciation rate, and (C) the units-of-activity depreciation for the year.

BuyFind

Financial & Managerial Accounting

14th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781337119207
BuyFind

Financial & Managerial Accounting

14th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781337119207

Solutions

Chapter
Section
Problem 1DQ
Problem 2DQ
Problem 3DQ
Problem 4DQ
Problem 5DQ
Problem 6DQ
Problem 7DQ
Problem 8DQ
Problem 9DQ
Problem 10DQ
Problem 9.1BE
Problem 9.2BE
Problem 9.3BE
Problem 9.4BE
Problem 9.5BE
Problem 9.6BE
Problem 9.7BE
Problem 9.8BE
Problem 9.1EX
Problem 9.2EX
Problem 9.3EX
Problem 9.4EX
Problem 9.5EX
Problem 9.6EX
Problem 9.7EX
Problem 9.8EX
Problem 9.9EX
Problem 9.10EX
Problem 9.11EX
Problem 9.12EX
Problem 9.13EX
Problem 9.14EX
Problem 9.15EX
Problem 9.16EX
Problem 9.17EX
Problem 9.18EX
Problem 9.19EX
Problem 9.20EX
Problem 9.21EX
Problem 9.22EX
Problem 9.23EX
Problem 9.24EX
Problem 9.25EX
Problem 9.26EX
Problem 9.1APR
Problem 9.2APR
Problem 9.3APR
Problem 9.4APR
Problem 9.5APR
Problem 9.6APR
Problem 9.1BPR
Problem 9.2BPR
Problem 9.3BPR
Problem 9.4BPR
Problem 9.5BPR
Problem 9.6BPR
Problem 1ADM
Problem 2ADM
Problem 3ADM
Problem 4ADM
Problem 9.1TIF
Problem 9.3TIF
Chapter 9, Problem 9.2BE
Textbook Problem

Units-of-activity depreciation

A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles, and was driven 77,000 miles during the year. Determine (A) the depreciable cost, (B) the depreciation rate, and (C) the units-of-activity depreciation for the year.

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Chapter 9,
Problem 9.1BE
Chapter 9,
Problem 9.3BE

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Chapter 9 Solutions

Financial & Managerial Accounting
Ch. 9 - ONeil Office Supplies has a fleet of automobiles...Ch. 9 - Bullwinkle Co. acquired an adjacent vacant lot...Ch. 9 - Alpine Company solicited bids from several...Ch. 9 - Distinguish between the accounting for capital...Ch. 9 - Immediately after a used truck is acquired, a new...Ch. 9 - Keyser Company purchased a machine that has a...Ch. 9 - Is it necessary for a business to use the same...Ch. 9 - A. Under what conditions is the use of an...Ch. 9 - For some of the fixed assets of a business, the...Ch. 9 - A. Over what period of time should the cost of a...
Ch. 9 - Straight-line depreciation A building acquired at...Ch. 9 - Units-of-activity depreciation A truck acquired at...Ch. 9 - Double-declining-balance depreciation A building...Ch. 9 - Revision of depreciation Equipment with a cost of...Ch. 9 - Capital and revenue expenditures On February 14,...Ch. 9 - Sale of equipment Equipment was acquired at the...Ch. 9 - Depletion Glacier Mining Co. acquired mineral...Ch. 9 - Impaired goodwill and amortization of patent On...Ch. 9 - Costs of acquiring fixed assets Melinda Staffers...Ch. 9 - Determining cost of land Bridger Ski Co. has...Ch. 9 - Determining cost of land On-Time Delivery Company...Ch. 9 - Nature of depreciation Tri-City Ironworks Co....Ch. 9 - Straight-line depreciation rates Convert each of...Ch. 9 - Straight-line depreciation A refrigerator used by...Ch. 9 - Depreciation by units-of-activity method A...Ch. 9 - Depreciation by units-of-activity method Prior to...Ch. 9 - Depreciation by two methods A Kubota tractor...Ch. 9 - Depreciation by two methods A storage tank...Ch. 9 - Partial-year depreciation Equipment acquired at a...Ch. 9 - Revision of depreciation A building with a cost of...Ch. 9 - Capital and revenue expenditures Warner Freight...Ch. 9 - Capital and revenue expenditures Jackie Fox owns...Ch. 9 - Capital and revenue expenditures Quality Move...Ch. 9 - Capital expenditure and depreciation Willow Creek...Ch. 9 - Entries for sale of fixed asset Equipment acquired...Ch. 9 - Disposal of fixed asset Equipment acquired on...Ch. 9 - Depletion entries Alaska Mining Co. acquired...Ch. 9 - Amortization entries Kleen Company acquired patent...Ch. 9 - Book value of fixed assets Apple Inc. designs,...Ch. 9 - Balance sheet presentation List the errors you...Ch. 9 - Asset traded for similar asset A printing press...Ch. 9 - Asset traded for similar asset Assume the same...Ch. 9 - Entries for trade of fixed asset On July 1, Twin...Ch. 9 - Entries for trade of fixed asset On October 1,...Ch. 9 - Allocating payments and receipts to fixed asset...Ch. 9 - Comparing three depreciation methods Dexter...Ch. 9 - Depreciation by three methods; partial years...Ch. 9 - Depreciation by two methods; sale of fixed asset...Ch. 9 - Transactions for fixed assets, including sale The...Ch. 9 - Amortization and depletion entries Data related to...Ch. 9 - Allocating payments and receipts to fixed asset...Ch. 9 - Comparing three depreciation methods Waylander...Ch. 9 - Depreciation by three methods; partial years...Ch. 9 - Depreciation by two methods; sale of fixed asset...Ch. 9 - Transactions for fixed assets, including sale The...Ch. 9 - Amortization and depletion entries Data related to...Ch. 9 - Continuing Company AnalysisAmazon: Fixed asset...Ch. 9 - Verizon: Fixed asset turnover ratio Verizon...Ch. 9 - FedEx and UPS: Fixed asset turnover ratio FedEx...Ch. 9 - Comcast, Google, and Walmart: Fixed asset turnover...Ch. 9 - Ethics in Action Hard Bodies Co. is a fitness...Ch. 9 - Communication Godwin Co. owns three delivery...

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