A factory machine was purchased for $25,000 ~ above January 1, 2003. That was estimated that it would have a $5,000 salvage value at the finish of that 5-year valuable life. That was also estimated the the device would be operation 40,000 hrs in the 5 years. If the yes, really number of machine hours ran in 2003 to be 4,000 hours and the agency uses the units-of-activity an approach of depreciation, the lot of depreciation cost for 2003 would be:

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On January 1, a machine with a valuable life of five years and also a residual value of $3,000 to be purchased for $15,000. What is the depreciation price for year 2 under the double-declining-balance method of depreciation.
Equipment through a expense of $160,000 has an estimated salvage worth of $15,000 and an estimated life that 4 years or 12,000 hours. The is to be depreciated by the straight-line method. What is the lot of depreciation for the an initial full year, during which the devices was used 3,300 hours?
Which one of the complying with items is not considered a part of the expense of a truck purchased for service use?
A firm purchased land because that $72,000 cash. Actual estate brokers" commission to be $5,000 and also $7,000 was invested for demolishing one old building on the land before construction of a new building could start. Under the price principle, the cost of land would certainly be tape-recorded at
The Carlton company purchases a new delivery truck because that $25,000. The sales taxes space $1,000. The logo of the agency is painted on the side of the truck because that $600. The truck license is $60. The van undergoes safety testing for $110. What walk Carlton document as the cost of the new truck?


MyAccountingLab v Pearson eText -- Instant access -- for Financial Accounting9th EditionCharles T. Horngren


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