![hjeffrey168](/avatars/25873.jpg)
hjeffrey168
30.07.2021 •
Business
Depreciation by Two Methods A Kubota tractor acquired on January 8 at a cost of $27,000 has an estimated useful life of 10 years. Assuming that it will have no residual value. a. Determine the depreciation for each of the first two years by the straight-line method. First Year Second Year $fill in the blank 1 $fill in the blank 2 b. Determine the depreciation for each of the first two years by the double-declining-balance method. Do not round the double-declining balance rate. If required, round your final answers to the nearest dollar.
Solved
Show answers
More tips
- L Leisure and Entertainment What to Bring on a Hike? Essential Items to Pack for a Safe and Enjoyable Adventure...
- S Style and Beauty How Are Eyelash Extensions Applied? All Your Questions Answered...
- F Family and Home Tender Care for Your Parquet: Is it Possible to Clean Parquet?...
- S Society and Politics Is It Fact or Fiction? Let s Talk About Anton Chekhov s Pseudonym...
- S Sport Playing Bowling: Rules and Advice for Novices...
- C Computers and Internet How to Properly Repartition a Hard Drive?...
- A Auto and Moto What Is the Cost of Customs Clearance for a Car in Russia?...
- L Leisure and Entertainment Should You Buy a Ceramic Knife?...
- C Computers and Internet How to easily and quickly disable Firebug in Gmail and Google Docs...
- G Goods and services How to sew a ribbon: Tips for beginners...
Answers on questions: Business
- M Mathematics Can you help me with my question...
- M Mathematics (Please!) The scatterplot shows the average number of hours each of 10 people spends at work every week and the average number of hours each of them spends on recreational...
- M Mathematics Please help me answer this question if you have time...
- M Mathematics Consider the following expression. -2m(m+n-4)+5(-2m+2n)+n(m+4n-5) which of the following is an equivalent expression?...
- H History Swing voters tend to vote democratic and vote republican. a. never / always b. sometimes / sometimes c. always / never d. randomly / mostly...
Ответ:
$97,645
Explanation:
Preparation of Mark Brock Services Co corrected balance sheet :
Mark Brock Services Co. Balance Sheet December 31
Assets
Current assets:
Cash$ 7,170
Accounts receivable10,000
Supplies2,590
Prepaid insurance800
Total current assets $20,560
Property, plant, and equipment:
Land$24,000
Building$43,700
Less accumulated depreciation( 12,525)
Equipment$29,250
Less accumumulated depreciation (7,340)
Total property, plant,and equipment 77,085
Total assets (77,085+20,560) $97,645
Liabilities
Current liabilities:
Accounts payable$ 7,500
Wages payable1,500
Total liabilities$ 9,000
Owner's Equity
Capital 88,645
Total liabilities and owner's equity (88,645+9,000) $97,645