Exercise 8-1 (Algo) Cost of plant assets LO C1 Rizio Company purchases a machine for $9,600, terms 2/10, n/60, FOB shipping point. Rizlo paid within the discount period and took the $192 discount. Transportation costs of $217 were paid by Rizio. The machine required mounting and power connections costing $664. Another $313 is paid to assemble the machine, and $40 of materials are used to get it into operation. During Installation the machine was damaged and 5350 worth of repairs were made Complete the below table to calculate the cost recorded for this machine Amount included in Cost of Equipament Invoice price of machine Discount Ne purchase price Transportation Mounting and power connections Assembly Materials used in aduting Total cost to be recorded Required Information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below! Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84.200. The machine's useful life is estimated at 20 years, of 391,000 units of product, with a $6.000 salvage value During its second year, the machine produces 33100 units of product Exercise 8-4 (Algo) Straight-line depreclotion LO P1 Determine the machine's second-year depreciation and year end book value under the straight-line method Stotine nation Choose Numerator: Choose Denominator Annual Depreciation Expense Depreciation expense Year 2 Depreciation Year and book value Year 2) ! Required Information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed belowy Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84.200. The machine's useful life is estimated at 20 years, or 391.000 units of product with a $6.000 salvage value During its second year, the machine produces 33,100 units of product Exercise 8-5 (Algo) Units-of-production depreciation LO P1 Determine the machines second year depreciation using the units of production method Choose Numerator Units Reduction Desiatico Choose Denominator Annual Depreciation Expense Depreciation expense per unit Year Annual Production (units) Depreciation Expense Year 2 Required Information Use the following information for the Exercises below. (Algo) The following information applies to the questions displayed below Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $84.200. The machine's useful life is estimated at 20 years or 391.000 units of product, with a $6.000 salvage value During its second year, the machine produces 33100 units of product Exercise 8-6 (Algo) Double-declining-balance depreciation LO P1 Determine the machine's second year depreciation using the double-declining balance method Double declining balance Depreciation Choose Factors Choose Factor) Annual Depreciation Expense Depreciation expense First year's depreciation Second year's depreciation
