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ice 10.. I NEED 1a, 2a, 3a, 4a solved p414 PE 9-1A Capital and revenue expenditures OBJ. On August 7, Green River Inflatables Co. paid
ice 10.. I NEED 1a, 2a, 3a, 4a solved
p414 PE 9-1A Capital and revenue expenditures OBJ. On August 7, Green River Inflatables Co. paid $1,675 to install a hydraulic lift and $40 for an air filter for one of its delivery trucks. Journalize the entries for the new lift and air filter expenditures. p414 PE 9-1B Capital and revenue expenditures OBJ. On February 14, Garcia Associates Co. paid $2,300 to repair the transmission on one of its delivery vans. In addition, Garcia Associates paid $450 to install a GPS system in its van. Journalize the entries for the transmission and GPS system expenditures. 41 PE 9-2A Straight-line depreciation oBJ. 2 Equipment acquired at the beginning of the year at a cost of $340,000 has an estimated residual value of $45,000 and an estimated useful life of 10 years. Determine (a) the depreciable cost, (b) the straight-line rate, and (c) the annual straight-line depreciation. PE 9.3A A tractor acquired at a cost of $420,000 has an estimated residual value of $30,000, has an estimated useful life of 25,000 hours, and was operated 1,850 hours during the year Determine (a) the depreciable cost, b) the depreciation rate, and (c) the units-of-output depreciation for the year Units-of-output depreciation -3 p 418 oBJ.2 PE 9.3B A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles, and was driven 77,000 miles during the year Determine (a) the depreciable cost, (b) the depreciation rate, and (c) the units-of-output depreciation for the year Units-of-output depreciation -3 p 418 OBJ.2 PE9-4A Double-declining-balance depreciation Equipment acquired at the beginning of the year at a cost of $175,000 has an estimated residual value of $12,000 and an estimated useful life of 10 years. Determine (a) the double-declining-balance rate and (b) the double-declining-balance depreciation for the first year 4 p 420 OBJ.2Step by Step Solution
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