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please answer all 5 before 11 CST Cutter Enterprises purchased equipment for $72.000 on January 1 202: The equipment is expected to have a five-year
please answer all 5 before 11 CST
Cutter Enterprises purchased equipment for $72.000 on January 1 202: The equipment is expected to have a five-year life and a residual value of $6,000 Using the double-declining balance method, depreciation for 2021 and the book value at December 31, 2021, would be Multiple Choice $26.400 and 545.600 respectively 5 $28.800 od 543 200 respectively 52800 and 37200 respect $26.400 and 599600 respectively Which of the following typically would cause the service life of an asset to be less than its physical life? Multiple Choice The company no longer provides the products or services associated with the use of the asset. Suppliers may develop new technologies that are more efficient The expected rate of technological change may shorten service life All of these answer choices are correct B Cutter Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of 56,000 Using the double declining balance method, depreciation for 2022 would be 2014 Multiple Choice $28.800 $18.240 o $12280 None of these we choices are conect a Cutter Enterprises purchased equipment for $72,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $6.000. Using the sum of the years digits method, depreciation for 2021 and book value at December 31, 2021. would be (Do not round depreciation rate per year) Mulople Choice $22.000 and $44.000 respectively $22.000 and $50,000 respectively $24.000 and 548.000 respectively 524.000 and $42.000 resov Online 30 2021 Prego Equipment purchased a precision de puntate nexpected capacity of 300.000 unts and no residual value the cost of the machine was $450,000 and is to be deprecated in the friction method During the six months of 2021 24000 units of product were produced. At the beginning of 2022 engineered the machine can caly be used to product only the 220.000 During 2022. 70.000 nm were produced Pro por derection in 2016 o o 000 Step by Step Solution
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