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In Course: CHEM11 X 5 112_Experiment X E-11 x https://genchen x ji (4) Paid Internsh X Question 7 - Mc X Course Hero X + X -> C ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fuma.umassonline.net%252Fwebapps%... K . . . Module 5 Connect Homework i Saved Help Save & Exit Submit Check my work 7 During the current year, Central Auto Rentals purchased 60 new automobiles at a cost of $18,200 per car. The cars will be sold to a wholesaler at an estimated $5,000 each as soon as they have been driven 60,000 miles. Central Auto Rentals computes depreciation expense on its automobiles by the units-of-output method, based on mileage. 0.32 points a. Compute the amount of depreciation to be recognized for each mile that a rental automobile is driven. b. Assuming that the 60 rental cars are driven a total of 1,610,000 miles during the current year, compute the total amount of depreciation expense that Central Auto Rentals will recognize on this fleet of cars for the year. eBook Print Complete this question by entering your answers in the tabs below. References Required A Required B Compute the amount of depreciation to be recognized for each mile that a rental automobile is driven. (Round your answer to 2 decimal places.) Amount of depreciation per mile Mc Graw Hill Type here to search O W N 5:37 PM hulu 3/30/2021 FIn Course: CHEM11 X 5 112_Experiment X E-11 x https://genchen x ji (4) Paid Internsh X Question 1 - Mc X Homework Help X + X -> C ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fuma.umassonline.net%252Fwebapps%... K . . . Module 5 Connect Homework i Saved Help Save & Exit Submit Check my work Amigos, Inc., purchased a used piece of heavy equipment for $30,000. Delivery of the equipment to Amigos's business site cost $750. Expenditures to recondition the equipment and prepare it for use totaled $2,230. The maintenance for the first year Amigos owned the equipment was $1,370. Determine the cost that is the basis for calculating annual depreciation on the equipment. 0.28 points Total cost eBook Print References Mc Graw Hill Type here to search O W N 5:41 PM hulu 3/30/2021In Course: CHEM11 X 5 112_Experiment X E-11 x https://genchen x ji (4) Paid Internsh X Question 2 - Mc X Homework Help X + X -> C ^ ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fuma.umassonline.net%252Fwebapps%... K . . . Module 5 Connect Homework i Saved Help Save & Exit Submit Check my work 2 Twin-Cities, Inc., purchased a building for $600,000. Straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a residual value of $100,000. 0.28 a. Calculate the annual depreciation for the first two years that Twin-Cities owned the building. points b. Calculate the book value of the building at the end of the second year. eBook Complete this question by entering your answers in the tabs below. Print References Required A Required B Calculate the book value of the building at the end of the second year. Book value Mc Graw Hill Type here to search O W N 5:46 PM hulu 3/30/2021
