Once the estimated depreciation expense for an asset is calculated:

When originally purchased, a vehicle costing $24,840 had an estimated useful life of 8 and an estimated salvage value of $2,600. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals:

Marlow Company purchased a point of sale system on January 1 for $6,500. This system has a useful life of 5 years and a salvage value of $950. What would be the depreciation expense for the second year of its useful life using the double-declining-balance method?

A machine originally had an estimated useful life of 9 years, but after 2 complete years, it was decided that the original estimate of useful life should have been 12 years. At that point the remaining cost to be depreciated should be allocated over the remaining:

A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised at $59,000; the land at $47,400, and the parking lot at $18,600. Land should be recorded in the accounting records with an allocated cost of: