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Depreciation
Page 2
Questions (295)
Complete the following table given this information: (Do not round intermediate calculations.)
Cost of machine $ 90,400 Residual
3 answers
asked by
tina
523 views
Last year ken bought a mountain bike for $460 his bike has depreciated since he bought it it is now worth $320 what percent did
3 answers
asked by
Thomas
635 views
JKL Company purchased a car for $21,000 on January 1, 2016. The vehicle is estimated to have a useful life of 10 years, at which
4 answers
asked by
jashan
1,424 views
A computer is purchased at 2000$. After each year, the resale value decreases by 25%. What will the resale value be after 3
2 answers
asked by
Kris
519 views
Each year, a $2400 computer depreciates by 25%. By how much will it depreciate in the second year?
4 answers
asked by
Jasmine
860 views
A farmer buys a tractor for $50,000. If the tractor depreciates 10% per year, find the value of the tractor in 7 years. Round to
2 answers
asked by
Anonymous
659 views
A laptop computer is purchased for
$5000 . Each year, its value is 70% of its value the year before. After how many years will
3 answers
asked by
kate
1,040 views
An automobile purchased for $31,000
is worth $2800 after 6 years. Assuming that the car's value depreciated steadily
2 answers
asked by
Jeffrey
1,259 views
A company car is purchased for Rs 23580 and is expected to be driven 95000 miles before being sold.The expected salvage value
3 answers
asked by
Asadullah khan
607 views
Part 1 :
Store equipment is purchased on January 1, 2002 at a cost of $14,000 and $1,000 was spent on its installation. The
3 answers
asked by
elle
784 views
Tamara company purchased a machine on january 1, 2002. Annual depreciation is $800. At december 31 2004, the balance in the
1 answer
asked by
Salee
463 views
A company buys computers at a cost of 4 million. They expect to replace the computers at the end of 4 years. What annually rate
5 answers
asked by
T.mam
55 views
10. The new ford ranger was bought for $87,000. An insurance company decides to calculate its depreciation per annum as 5%.
2 answers
asked anonymously
49 views
9. A man bought a new trailer for $36,700. The insurance company decides to depreciate the trailer by 12.5% each year. Calculate
2 answers
asked anonymously
69 views
8. The Government of Belize bought a new Isuzu D-Max Pickup from Bravo Motors for $80,000. The pickup depreciates at a rate of
2 answers
asked anonymously
76 views
On January 1, 2022, Wheeler Inc purchases a building for $800,000 and places it into service. When Wheeler Inc records
2 answers
asked anonymously
57 views
The function that represents the depreciation value of Rhonda's car is C(t)=25,000(0.751)^t.
What was the initial value of
1 answer
asked by
😻👅Eat Me Cuz I'm Bored👅😻
90 views
to determine the salvage value S(t), in dollars, of a fertilizer blender t years after its purchase. How long will it take the
1 answer
asked by
iayonna
68 views
vehicles depreciate in value quickly unless there are classic ain't ain't unique cars which may increase their value
1 answer
asked by
Deezzzz. nutssss
106 views
Ron's Quik Shop bought machinery for $25,000 on January 1, 2010. Ron estimated the useful life to be 5 years with no residual
1 answer
asked by
nena
294 views
M Martin bought two machines on credit from Classic machines on 1 January 20x3 for $20 000 each. He charged the depreciation on
1 answer
asked by
Shahbaz Ahmad
202 views
On January 2, 2019, Konrad Corporation acquired equipment for $500,000. The estimated life of the equipment is 5 years or 18,000
1 answer
asked by
hose
508 views
Eckman Company purchased equipment for $420,000 on January 1, 2016, and will use the double-declining-balance method of
2 answers
asked by
Tatiana
594 views
How would you appropriately put this in a journal entry?
Purchased a used computer (three years old) at Bestbuy. When new,
1 answer
asked by
sarah
331 views
The ABC Company has a policy to capitalize an asset with a threshold of $5,000 per item or a project/program. The ABC Company
4 answers
asked by
kim
940 views
Cassandra bought a car for 22,385. The value depreciates 14% a year.
a. Write a function, d(x), that gives the value of the car
2 answers
asked by
John
560 views
Cassandra bought a car for 22,385. The value depreciates 14% a year.
a. Write a function, d(x), that gives the value of the car
3 answers
asked by
Mary
747 views
A car was purchased for $10,000 with a salvage value of $4000. It is expected to have a useful life of 5 years. Using the
3 answers
asked by
Anonymous
2,588 views
Inventory and Depreciation Concepts
Assume that an organization purchased two pieces of equipment on April 1st (the first day of
1 answer
asked by
please help!
525 views
A machine was purchased with money borrowed from the bank at a cost of k50000.00 which is expected to last for 6 years and
1 answer
asked by
Regina
458 views
On 2015 January 1, Jackson Company purchased equipment for $440,000. The equipment has an estimated useful life of 10 years and
2 answers
asked by
Jala
814 views
A farmer buys a tractor for $50,000. If the tractor depreciates 10% per year, find the value of the tractor in 7 years. Round to
1 answer
asked by
Anonymous
1,011 views
The value of a machine depreciates every year by 5% if the present value of the machine be rupees 100000 what will be its value
1 answer
asked by
pranay
473 views
The value of a machine depreciates every year by 5% if the present value of the machine be rupees 100000 what will be its value
3 answers
asked by
pranay
532 views
On March 31 a post closing trial balance was completed On April 4, the business purchased a new truck on account. The residual
2 answers
asked by
Michelle
517 views
You spend $1000 on a computer and for tax purposes chose to depreciate it (or assume it decreases in value) to $0 at a constant
2 answers
asked by
Darlene
542 views
The value of a machine depreciates every year by 10%.If the present value of the machine is Rs 54000,what was its value last
5 answers
asked by
Vivek
567 views
Tyler Constructions constructed a new campus block to house Business School. The building cost a tool of $180,000,000 to
1 answer
asked by
ss
401 views
On January 1, 2014, Muoy Machining Co. purchased a compressor and related installation equipment for $72,500. The equipment had
1 answer
asked by
karen
679 views
how to calculate depreciation using carrying value method?
1 answer
asked by
Jeylen
408 views
A farmer bought a machine for $ 3200 it is to be depreciated at a rate of 25% using the reducing balance method .what would be
1 answer
asked by
Patience
456 views
martin and company purchased a fixed asset on 1/4/2010 for £250000.depreciation is o be provided at 10% annually according to
1 answer
asked by
lisa
473 views
Donald's Jaguar loses value at 8% per year for the first nine years when should he sell it if he wants to receive 62% of what he
1 answer
asked by
Veronica
308 views
On January 4, 2013, Illinois Company purchased new equipment for $550,000 that had a useful life of four years and a salvage
1 answer
asked by
Anonymous
450 views
1) For tax purposes a manufacturer is allowed to depreciate the value of a machine by 10% each year. If the original value of
3 answers
asked by
Anon
435 views
A piece of machinery valued at $30,000 depreciates at a rate of 10% yearly. How long will it take for it to reach a value of
2 answers
asked by
Gabriella
787 views
A truck costs $35,000 with a residual value of $2,000. Its service life is five years. Using the declining-balance method at
2 answers
asked by
Linda
730 views
Bus Acquired Cost Salvage Value Useful Life in Years
1 1/1/13 $98,100 8,000 5 (straight-line) 2 1/1/13 129,000 11,900 5 (decline
2 answers
asked by
Anonymous
551 views
The Sign Guys purchased a new hoist
for $1' 500. If this particular hoist has an annual depreciation rate, r, of 15% calculate
1 answer
asked by
Anonymous
395 views
Foster Glass Company purchased a fax machine on July 1, 2007 for $1,800. The fax machine had an estimated useful life of three
2 answers
asked by
Arya Pal
555 views
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