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Cost basis and amount of depreciation x2. Not sure how to solve. A machine with a cost of $62,300 has an estimated residual value of
Cost basis and amount of depreciation x2. Not sure how to solve.
A machine with a cost of $62,300 has an estimated residual value of $4,930 and an estimated life of 5 years or 16,533 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $24,920.00 b. $22,948.00 c. $12,460.00 d. $14,952.00 A machine with a cost of $63,235.00 has an estimated residual value of $5,168.00 and an estimated life of 3 years or 14,536 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for the second full year, during which the machine was used 3,300 hours? Do not round your intermediate calculations. $13,182.52 $19,355.67 $38,711,33 $14,355.77 A used machine with a purchase price of $38,270, requiring an overhaul costing $9,607, installation costs of $6,870, and special acquisition fees of $9,021, would have a cost basis of a. $47,877 b. $89,266 c. $63,768 d. $38,270 A machine with a cost of $62,300 has an estimated residual value of $4,930 and an estimated life of 5 years or 16,533 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? a. $24,920.00 b. $22,948.00 c. $12,460.00 d. $14,952.00 A machine with a cost of $63,235.00 has an estimated residual value of $5,168.00 and an estimated life of 3 years or 14,536 hours. It is to be depreciated by the units-of-output method. What is the amount of depreciation for the second full year, during which the machine was used 3,300 hours? Do not round your intermediate calculations. $13,182.52 $19,355.67 $38,711,33 $14,355.77 A used machine with a purchase price of $38,270, requiring an overhaul costing $9,607, installation costs of $6,870, and special acquisition fees of $9,021, would have a cost basis of a. $47,877 b. $89,266 c. $63,768 d. $38,270Step by Step Solution
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