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REPORTING PROPERTY, PLANT, and EQUIPMENT PROBLEM: The Blueberry Hills Company purchased equipment on January 1,2016 , for $440,000. The useful life was estimated at eight
REPORTING PROPERTY, PLANT, and EQUIPMENT PROBLEM: The Blueberry Hills Company purchased equipment on January 1,2016 , for $440,000. The useful life was estimated at eight years, with salvage value at the end of that time of $40,000. The machine has an estimated useful life in productive output of 100,000 units. Actual output was 12,000 units in 2016 and 9,000 units 2017. Compute the depreciation expense for each of the years 2016 and 2017: Q14. Straight-line method -2016: A. $38,350.65 B. $40,000 C. $55,000 D. $52,800 E. $50,000 REPORTING PROPERTY, PLANT, and EQUIPMENT PROBLEM: The Blueberry Hills Company purchased equipment on January 1,2016 , for $440,000. The useful life was estimated at eight years, with salvage value at the end of that time of $40,000. The machine has an estimated useful life in productive output of 100,000 units. Actual output was 12,000 units in 2016 and 9,000 units 2017. Compute the depreciation expense for each of the years 2016 and 2017: Q15. Straight-line method -2017: A. $110,000 B. $80,000 C. $50,000 D. $40,000 E. $38,350.65 REPORTING PROPERTY, PLANT, and EQUIPMENT PROBLEM: The Blueberry Hills Company purchased equipment on January 1,2016 , for $440,000. The useful life was estimated at eight years, with salvage value at the end of that time of $40,000. The machine has an estimated useful life in productive output of 100,000 units. Actual output was 12,000 units in 2016 and 9,000 units 2017. Compute the depreciation expense for each of the years 2016 and 2017: Q18. Using the straight-line method, the net book value (NBV) at the end of 2017 is: A. $390,000 B. $400,000 C. $340,000 D. $350,000 E. $300,000
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