Questions 46-47

Questions 49-50

QUESTION 46 Which of the following would not be included as part of a machine's acquisition cost? O A Cost of trial runs to test the operation of the machine OB. Freight charges to ship the machine to the factory OC. Installation costs for the machine D. Cost for electricity used by the machine during production in its first year of operations QUESTION 47 Makenna Corporation purchased equipment on January 1, 2019. The equipment cost $180,000 and had an expected salvage value of $30,000. Using the straight-line method of depreciation, annual depreciation expense is computed as $25.000 What is the book value of the equipment as of December 31 2020 (end of year 2)? O A 550.000 O B. $130.000 OC. $180,000 D. $100.000 Click Save and Submit to save and submit. Click Save a nsers to save an answers. Type here to search Question Completion Status: QUESTION 49 On January 1, 2019. Apollo Company purchased factory equipment for $350,000. It is estimated that the equipment will have a $35,000 salvage value at the end of its estimated 5-year useful life. If Apollo uses the double-declining method of depreciation what is the depreciation expense for 2020 [year 2)? O A 575,600 O B. $140,000 O C.$126,000 O D.584,000 QUESTION 50 3 po In computing depreciation, salvage value is A. An estimate of a plant asset's value at the end of its useful life OB Subtracted from accumulated depreciation to determine the plant assets depreciable cost Ignored in all the depreciation methods D. The fair value of a plant asset on the date of acquisition Click Save and Submit to save and submit Lick Save Antento della Type here to search