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From the following facts, complete a depreciation schedule by using the straight-line method: (Input all amounts as positive values.) Cost of Honda Accord Hybrid 38,
From the following facts, complete a depreciation schedule by using the straight-line method: (Input all amounts as positive values.) Cost of Honda Accord Hybrid 38, 100 Residual value 6, 300 Estimated life 8 years End of Cost of Depreciation Accumulated year expense for depreciation at Book value at Accord year end of year end of year 1 2 3 6If corporate headquarters for UPS in Atlanta is considering adding to its 96,000 + fleet of delivery vans, what is year 5's depreciation expense using MACRS if one van costs $78,500? (Table 17.4 and Table 17.5) (Round your answer to the nearest cent.) Depreciation expense I I Complete the following table given this information: (Do not round intermediate calculations.) Cost of machine $ 91, 000 Residual value $ 3,500 Useful life 5 years Estimated units machine will produce 100, 000 Actual production: Year 1 Year 2 55,000 12, 000 Use MACRS table. Depreciation Expense Method Year 1 Year 2 Straight line Units of production Declining balance MACRS (5-year class)Lena Horn bought a Toyota Tundra on January 1 for $39,900 with an estimated life of 6 years. The residual value of the truck is $5,700. Assume a straightline method of depreciation. a. What will be the book value of the truck at the end of year 4? Book value I I b. If the Tundra was bought the first year on April 12, how much depreciation would be taken the first year? Depreciation [ I CNBC reported that one in five consumers who purchase bitcoin do so using their credit card. Melissa Gamez purchased a used RV with18,500 miles for $46,400. Originally the RV sold for $67,500 with a residual value of $19,500. After subtracting the residual value, depreciation allowance per mile was $0.79. How much was Melissa's purchase price over or below the book value? (Input the amount as positive value.) Does she have any equity that might assist her with purchasing bitcoin? 0 Yes 0 No Shearer's Foods, part of the $374 billion global snack food industry, employs 3,300 people in Brewster, Ohiot If Shearer's purchased a packaging unit for $226,000 with a life expectancy of 700,000 units and a residual value of $51,000, what is the depreciation expense for year1 if 80,000 units were produced? Depreciation expense _ lf corporate headquarters for UPS in Atlanta is considering adding to its 96,000 + fleet of delivery vans, what is year 5's depreciation expense using MACRS if one van costs $78,500? (Table 17.4 and Table 17.5) (Round your answer to the nearest cent.) Depreciation expense _ A delivered price (including attachments) ofa crawler dozer tractor is $179,800 with a residual value of 40%. The useful life of the tractor is 8,700 hours a. What is total amount of depreciation allowed? b. What is the amount of depreciation per hour? (Round your answer to the nearest cent.) Amount of depreciation I I per hour c. If the tractor is operated five days a week for an average of 7 hours a day, what would be the depreciation for the first year? Depreciation for the rst year I I Jim Company bought a machine for $36,000 with an estimated life of 5 years. The residual value of the machine is $6,000. Assume straightline depreciation. 3. Calculate the annual depreciation. Annual depreciation _ b. Calculate the book value at the end of year 3
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