1 answer

Calculate the amount of depreciation to report during the year ended December 31 for equipment that...

Question:

Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost o

Calculate the amount of depreciation to report during the year ended December 31 for equipment that was purchased at a cost of $88,000 on October 1. The equipment has an estimated residual value of $3,000 and an estimated useful life of five years or 20,000 hours. Assume the equipment was used for 1,000 hours from October 1 to December 31 and the company uses (a) straight-line, (b) double-declining-balance, or (C) units-of-production depreciation. (Do not round intermediate calculations.) Depreciatio (a) Straight-Line (b) Double-Declining-Balance (c) Units-of-Production

Answers

Straight line

(88,000-3,000)/5 * 3/12

4250

Double declining

88,000*40%*3/12

8800

Units of production

(88,000-3,000)/20,000*1000

4250
.

Similar Solved Questions

1 answer
Which of the following is a disadvantage of a corporation? a. unlimited life b. unlimited access...
Which of the following is a disadvantage of a corporation? a. unlimited life b. unlimited access to capital c. unlimited liability d. all of the above...
1 answer
PLEASE ANSWER ALL PARTS Your 15 year old is about to get their driving permit, and...
PLEASE ANSWER ALL PARTS Your 15 year old is about to get their driving permit, and you are concerned about the bumpers on your cars as they are expensive to fix, even after low speed impacts. You decide you want to engineer a true “5 mph” bumper that will slow a collision with a fixed ob...
1 answer
Please help me with answering all questions 4-10 thank you ? Two/three or more component system:...
please help me with answering all questions 4-10 thank you ? Two/three or more component system: practice the algebra! INCLUDE ALL UNITS! 3. A sample of a metal with a mass of 212g is heated to 125.0°C and then dropped into 375g of water at 24.0°C. If the final temperature of the water...
1 answer
Three particles move along the x-axis, each starting at t0 = 0 s. The graph for...
Three particles move along the x-axis, each starting at t0 = 0 s. The graph for A is a position-versus-time graph; the graph for B is a velocity-versus-time graph; the graph for C is an acceleration-versus-time graph. Find the velocity of the particle C at t = 6.5 s. Particle starts with v0x = 10 m/...
1 answer
Self Test: Acids and Bases 1. from memory, write the seven strong acids and eight strong...
Self Test: Acids and Bases 1. from memory, write the seven strong acids and eight strong bases 2. What is the pH of a. 0.01 M HCI Ha pub= log (-01)=2.00 b. 1.3 X 10 M Ba(OH), [ort-3 - 2. X 13 c. 4.6 X 10M HNO, HCNO is a weak acid. Write the ionization reaction and...
1 answer
Please help if your are able to. room temp CH,CNHCH3 + H2O -CCI + H20 -...
please help if your are able to. room temp CH,CNHCH3 + H2O -CCI + H20 - Le ho papuce 6 M HCI - NHCH + H2O YYY onde CH,CBr + Он но CH3CH2COCH3 1) LIAIH4 2) H30* envenidos y con can cubo, 12 colour CH3CH2COCHE 1) 2 CeHsMgBr 2) H30*...
1 answer
Explain how action anxity can effect group decsion and what managers can do to mitigate its...
explain how action anxity can effect group decsion and what managers can do to mitigate its influence in poor group decsions? explain how action anxiety can affect group decision making and what managers can do to mitigate its influence in poor decisions?...
2 answers
My body is covered with bony plates, but i am a fish
My body is covered with bony plates, but i am a fish. I am male, but i take care of all my young. i can swim, but i prefer to be carried by ocean currents. i look like a familiar land animal. What am i?...
1 answer
Consider the line of charge with length, L in the image below. For each indicated origin,...
Consider the line of charge with length, L in the image below. For each indicated origin, What would the bounds of your electric field integral be? Part (a) Origin The bounds would be from to Submit Answer Tries 0/5 Part (b) Origin The bounds would be from to...
1 answer
Suppose that the " fabulous " phenotype is controlled by two independent genes, A and B,...
Suppose that the " fabulous " phenotype is controlled by two independent genes, A and B, as shown in the diagram below. Allele A encodes a functional enzyme 1, which converts " lain " to " smashing ". The recessive allele a encodes a nonfunctional Enzyme 1. Allele B encodes a...
1 answer
If you a caleate wth for t-2s staling fom yow accaleaton of 2ls an ped rest, what reach
If you a caleate wth for t-2s staling fom yow accaleaton of 2ls an ped rest, what reach...
1 answer
Question 3.12 Chapter 3 Project Management 91 Table for 3.8 Time Activity Immediate Code Description in...
question 3.12 Chapter 3 Project Management 91 Table for 3.8 Time Activity Immediate Code Description in hours) Predecesur Planning Find location determine resource requirements Purchasing Requisition of lumber and sand Excavation Planning Dig and grade Sawing Planning Saw lumber inte appropriate ...
1 answer
Should the criminal justice system put as much emphasis as it does on eyewitness testimony? What...
Should the criminal justice system put as much emphasis as it does on eyewitness testimony? What are some possible circumstances that could influence eyewitnesses to say they saw something they might not really have seen....
1 answer
Moving along a straight line
The position of a particle moving along the x axis isgiven in centimeters by x = 9.75 + 2.50t3, where t is in seconds.Consider the timeinterval t = 2.00 s to t = 3.00 s.(a) Calculate the average velocity. cm/s(b) Calculate the instantaneous velocity at t = 2.00s. cm/s(c) Calculate the instantaneous ...
1 answer
Please answer neatly with a typed out solution explaining as you go. thank you!! 3. Calculate the work that must be...
please answer neatly with a typed out solution explaining as you go. thank you!! 3. Calculate the work that must be done on the system to compress 10 moles of hydrogen from 30 to 10 atmospheres isothermally (assume reversible) using three different methods: a) Hydrogen as an ideal gas, b) hydrogen a...
1 answer
CODE IN C TO GET THIS RESULT CPU SCHEDULING: proj2 input.1 SRTF OUTPUT Schdeuling algorithm: SRTF...
CODE IN C TO GET THIS RESULT CPU SCHEDULING: proj2 input.1 SRTF OUTPUT Schdeuling algorithm: SRTF Total 6 tasks are read from "input.1". press 'enter' to start... ================================================================== <system time 0> process 2 is running <system ...
1 answer
1) One of the following has returned the highest rate of return on investment since 1926?:...
1) One of the following has returned the highest rate of return on investment since 1926?: A) U.S Treasury Bills B) Long-term corporate bond C) Small company stocks D) Common stocks 2) Which type of investments are considered diversified? A) Stock B) Bonds C) Derivatives D) Mutual funds 3) A basic r...
1 answer
I Just need part e. please thanks a lot Comprehensive Accounting Cycle Review 5-02 (Part Level...
I Just need part e. please thanks a lot Comprehensive Accounting Cycle Review 5-02 (Part Level Submission) On November 1, 2022, Marin had the following account balances. The company uses the perpetual inventory method. Cash Accounts Receivable Supplies Equipment Debit $27,000 6,720 2,580 75,000 $111...