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could you please answer all On October 1, 2017, Rodney Terry Inc. purchased life of the equipment for $2,000,000. The estimated s equipment is five
could you please answer all
On October 1, 2017, Rodney Terry Inc. purchased life of the equipment for $2,000,000. The estimated s equipment is five years and the estimated residual value is $125,000. Ter ends on December 31 Method and partCalate depreciation for 2018 if Terry uses the Double Declining Balance in use (round to the nearest dollar as necessary) year the asset preciation expense is determined by the number of months during the 0,000 B. $746,667 C. $720,000. D. $480,000. A. $80 E. $375,000. 2. COBA providedne: has one product in its ending inventory. Specific per unit data at the end of the year is $270 255 360 135 90 Cost Replacement cost Selling price Selling cost Normal profit margin What unit value should COBA use when applyi inventory? ing the lower of cost or market (LCM) rule to ending A. $270 B. $360 C. $255 D. $135 E. $225 .On October 1, 2018, Ysleta Corporation purchased a coal mine for $3,875,000. The coal mine is Xpected to be depleted in 10 years and the estimated residual value is $625,000. The mine contains an estimated 20,000 tons of coal at the time it is purchased and Ysleta uses the units of production ethod of depletion. Calculate depletion for 2018, assuming 3,000 tons of coal were extracted during that year. 4. $675,000. . $581,250. $487,500. $387,500. $325,000Step by Step Solution
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