2) A purchase of equipment for $18 000 also involved freight charges of $500 and installation costs of $2 50O. The estimated salvage value and useful life are $2 000 and 4 years, respectively. Under the straight-line method, annual depreciation expense will be: a) $4 750. b) $4 500. c) $4 125. d) $4 625.
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- A machine costing 350,000 has a salvage value of 15,000 and an estimated life of three years. Prepare depreciation schedules reporting the depreciation expense, accumulated depreciation, and book value of the machine for each year under the double-declining-balance and sum-of-the-years-digits methods. For the double-declining-balance method, round the depreciation rate to two decimal places.A purchase of equipment for $21100 also involves freight charges of $470 and installation costs of $2930. The estimated salvage value and useful life are $2280 and 5 years, respectively. Under the straight-line method, how much is annual depreciation expense? $4209 O $3855 $4444 O $432504. Equipment was purchased for $90,000. Freight charges amounted to $4,200 and there was a cost of $12,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $18,000 residual value at the end useful life. Depreciation expense each year using the straight-line method will be a. $21,240. b. $17,640. its 5-year
- Equipment was purchased for RO 120,000. Freight charges were RO 5,600 and there was a cost of RO 16,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a RO 24,000 residual value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be Select one: O a. RO 23,520. O b. RO 19,200. O c. RO 28,320. O d. RO 19,680. O e. None of the answers are correct.Equipment was purchased for OMR 50,000 Freight charges amounted to OMR 4,000 and there was a cost of OMR 8,000 for the installing the equipment It is expected that the equipment will have a OMR 12,000 salvage value at the end of its 5-year useful life. What is the amount of depreciation expense each year based on the straight-linemethod? O a OMR 9,840 Ob. OMR 10000 Oc OMR 14160 Od OMR 11760The UST-ECE Department purchased a Communications Trainer worth P 250,000. Freight and insurance charges amounted to P 18,000; customs’, cargo and broker’s fee, P 8,500; taxes, permits, and other expenses, P 25,000. If the estimated life of the trainer is 10 years with a salvage value at the end of life of P 20,000 Using DBM: The depreciation charge during the 4th year is: P 31,745.65 B. P 35,827.27 C. P 71,408.09 D. P 31,818.18 The book value at the end of 6 years is: P 71,181.82 B. P 59,201.5371,181.82 C. P 49,095.01 D. P 61,818.18
- An asset with a first cost of $50,000 is to be depreciated by the straight line method over a 5-year period. The asset will have annual operating costs of$35,000 and a salvage value of $10,000. According to the straight line method, the book value at the end of year 3 will be closest to:a. $8000b. $20,000c. $24,000d. $26,000Equipment was purchased for R.0.90,000. Freight charges amounted to R.O.4,200 and there was a cost of R.O.12,0oo for building a foundation and installing the equipment. It is estimated that the equipment willhave a R.O.o00 residual value at the end of its 5 year useful life Depreciation expense each year using the straight Jine method will beAn item's initial cost is P 800,000, and its market worth after 5 years is P 507,630. Determine the equipment's estimated salvage value using the Double Declining balance Method
- Equipment was purchased for $60,000. Freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $12,000 salvage value at the end of its 5-year useful life. Depreciation expense each year using the straight-line method will be Question 20 options: $9,600 $11,760 $14,160 $9,840Equipment was purchased for $144000. Freight charges amounted to $7000 and there was a cost of $19000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $36000 salvage value at the end of its 5-year useful life. Depreciation Expense each year using the straight-line method will be $26800. $23600. $21600. $34000.1. A telephone company purchased a microwave radio equipment for 6MPH.. Freight and installation charges amounted to 3% of the purchase price. If the equipment shall be depreciated over a period of 5 years with a salvage value of 8%. tabulate the depreciation using a) straight line method b) sinking fund method c) SYD method