Use the following information for the Exercises below. The following information applies to the questions displayed below] Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $81,400. The machine's useful life is estimated at 20 years, or 387,000 units of product, with a $4,000 salvage value. During its second year, the machine produces 32,700 units of product Exercise 10-4 Straight-line depreciation LO P1 Determine the machine's second year depreciation and year end book value under the straight-line method. Straight line Degirocinion Choose Numero Choose Denominator Annual Depreciation Expanse Depreciation expensie $ 4,070 20 Beginning book value Estimated useful life (years) $ 814001 Year 2 Depreciation Yew and book value Year 2) Use the following information for the Exercises below. [The following information applies to the questions displayed below.) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $81,400. The machine's useful life is estimated at 20 years, or 387.000 units of product, with a $4,000 salvage value. During its second year, the machine produces 32,700 units of product. Exercise 10-5 Units-of-production depreciation LO P1 Determine the machine's second-year depreciation using the units of production method, Units of production Depreciation Choose Denominator: Choone Numerator Annual Depreciation Expono Depreciation expense per unit 0 Depreciation Expense Year Annual Production (units) 2 Use the following information for the Exercises below. The following information applies to the questions displayed below) Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $81.400 The machine's useful life is estimated at 20 years, or 387,000 units of product, with a $4,000 salvage value. During its second year, the machine produces 32,700 units of product Exercise 10-6 Double-declining-balance depreciation LO P1 Determine the machine's second-year depreciation using the double-declining-balance method Double declining balance Depreciation Choose Factors: Choose Factor("%) Annual Depreciation Expense = Depreciation expense First year's depreciation Second year's depreciation Keesha Co, borrows $245,000 cash on December 1, 2017, by signing a 150-day, 9% note with a face value of $245,000. 1. On what date does this note mature? (Assume that February has 28 days) April 25, 2018 O April 26, 2018 April 27, 2018 April 28, 2018 April 30, 2018 2 & 3. What is the amount of interest expense in 2017 and 2018 from this note? (Use 360 days a year. Round final answers to nearest whole dollar) 4. Prepare journal entries to record (a) issuance of the note. (b) accrual of interest at the end of 2017 and (c) payment of the note at maturity. (Assume no reversing entries are made.) (Use 360 days a year. Do not round intermediate calculations.)
