ation Completion Status: QUESTION 10 on January 1, 2018. Jordan Company acquired a machine for 51,090,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $60.000 Calculate the depreciation expense per year using the straight-line method. A) 5218.000 B) 5206,000 C) $266.000 D) $272,500 QUESTION 11 On January 1, 2018. Sanderson Company acquired a machine for $1.070.000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $87,000. What is the book value of the machine at the end of 2019 if the company uses the straight-line method of depreciation? A) 5642.000 B) $676.800 C) 5589.800 D) 5641.996 QUESTION 12 On January 1, 2016. Tyson Manufacturing Corporation purchased a machine for $40.000.000. Tyson's management expects to use the machine for 33.000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $47.000. The machine was used for 4000 hours in 2018 and 5500 hours in 2019. What is the depreciation expense for 2018 if the corporation uses the units-of-production method of depreciation (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar A) 54,842,800 B) 513,333,333 C) $6.658.850 D) $4.848,450 QUESTION 13 On January 1, 2018, McHenry Manufacturing Company purchased a machine for $40.000.000. McHenry's management expects to use the machine for 34.000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $50.000. The machine was used for 600 hours in 2018 and 6000 hours in 2019. Calculate the book value of the machine at the end of 2019 if the company uses the units of production method of depreciation (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar A) $27,820,344 B) 540.400,000 527.804,656 D) $34.940 904 QUESTION 14 The cost of an asset is $1.090.000, and its residual value is $300.000. Estimated useful life of the asset is eight years. Calculate depreciation for the first year using the double-decling balance method of depreciation. (Do not round any intermediate calculations and round your final answer to the nearest dollar) A) $197.500 3) 5272.500 C) 5136.250 D) 598.750 QUESTION 15 The cost of an asset is $1.110,000, and its residual value is $110.000. Estimated useful life of the asset is eight years, Calculate depreciation for the second year using the double-declining balance method of depreciation. (Do not round any intermediate calculations, and round your final answer to the nearest dollar) A35136.750 B5125.000 C) 5250.000 D) 5200125 QUESTION 16 A company purchased a computer on July 1, 2019 for 550,000. The estimated useful life of the computer was five years, and it has no residual value. Which of the following methods should be used to best match its expense against the revenue it produces A) the units of production method B) the straight-line method C) the double declining balance method D) the first-in, first-out method QUESTION 17 Gulfcoast Company purchased a van on January 1, 2019. for 5930.000. Estimated life of the van was five years, and its estimated residual value was $95.000. Gulfcoast uses the stage in method of depreciation calculate the book value of the van at the end of 2019. A) 5755,625 B) 5871.875 C) 5835,000 D) $763,000 QUESTION 18 A truck costs 5316,000 and is expected to be driven 116.000 miles during its five year life. Residual value is expected to be zero, if the truck is drive 27.000 miles during the fust year, how much depreciation should the business record under the units of production method (Round any intermediate calculations to two decimal places and your finalanner to the nearest do A) 598.600 3) $24.480 573.440 D) $44.440 Cha None
