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eliseeimbody
16.11.2019 •
Business
Moreno company purchased equipment for $900,000 on january 1, 2014, and will use the double-declining-balance method of depreciation. it is estimated that the equipment will have a 3-year life and a $40,000 salvage value at the end of its useful life. the amount of depreciation expense recognized in the year 2016 will be:
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Ответ:
$60,000
Explanation:
2014:
= (Cost of equipment × 2) ÷ Equipment life
= ($900,000 × 2) ÷ 3
= 600,000
so NBV is 300,000
2015:
= (Cost of equipment × 2) ÷ Equipment life
= ($300,000 × 2) ÷ 3
= 200,000
so NBV is 100,000
2016:
= (Cost of equipment × 2) ÷ Equipment life
= ($100,000 × 2) ÷ 3
= 66,667
but we only depreciate down to salvage value so depreciation expense will be 60,000.
Ответ:
The answer is $ 482,480.64
Explanation:
To calculate the rate, we use the formula
r = 1 - n√S/C
S = $40,000
C = $900,000
n = 3years
r = 1 - 3√40,000/900,000
r = 1 - 3√0.44444444444
r = 1 - 0.7631
r = 0.2369
r = 0.2369 × 100
r = 23.69
r = 24% Approximately
Year Cost - Salvage value × Rate. Depreciation Accumulated depreciation
1. ( 900,000 - 40,000) × 24% 206,400. 206,400
2. ( 693,600 -40,000) × 24% 156,864 363264
3. (536,736 - 40,000)×24% 119,216.64 482,480.64
Accumulated depreciation is 206,400 +156,864 + 119,216.64 = 482,480.64
Therefore depreciation expenses for the third year will be $482,480.64
Ответ:
sorry i need the points brodie
Explanation:
thanks buddy