QUESTION 9 2.5 points Save Answer Which of the following depreciation methods always allocates a higher amount of depreciation in earlier years than in later years? A) the units-of-production method B) the straight-line method C) the double-declining-balance method D) the first-in, first-out method QUESTION 10 2.5 points Save Answer On January 1, 2018, Jordan Company acquired a machine for $1,090,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $60,000. Calculate the depreciation expense per year using the straight-line method. A) $218,000 O B) $206,000 C) $266,000 D) $272,500 QUESTION 11 2.5 points Save Answer On January 1, 2018, Sanderson Company acquired a machine for $1,070,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $87,000. What is the book value of the machine at the end of 2019 if the company uses the straight-line method of depreciation? A) $642,000 B) $676,800 O C) $589,800 O D) $641,996 2.5 points Save Answer QUESTION 12 On January 1, 2018, Tyson Manufacturing Corporation purchased a machine for $40,000,000. Tyson's management expects to use the machine for 33,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $47.000. The machine was used for 4000 hours in 2018 and 5500 hours in 2019. What is the depreciation expense for 2018 if the corporation uses the units-of-production method of depreciation? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.) OA) $4,842,800 O B) $13,333,333 O C) 56,658,850 OD) $4,848,480 QUESTION 12 2.5 points Save Answer On January 1, 2018, McHenry Manufacturing Company purchased a machine for $40,400,000. McHenry's management expects to use the machine for 34,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is $50,000. The machine was used for 4600 hours in 2018 and 6000 hours in 2019. Calculate the book value of the machine at the end of 2019 if the company uses the units-of-production method of depreciation.(Round any intermediate calculations to two decimal places and your final answer to the nearest dollar.) OA) $27,820,344 OB) $40,400,000 O C) $27,804,656 OD) $34,940,904 QUESTION 14 2.5 points Save Answer The cost of an asset is $1,090,000, and its residual value is $300,000. Estimated useful life of the asset is eight years. Calculate depreciation for the first year using the double-declining-balance method of depreciation. (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) O A) $197,500 O B) $272,500 OC) $136,250 OD) 598,750
