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Exam 14: Depreciation

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Question 31

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Find the first year's depreciation using the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -

A) $14,500
B) $24,857
C) $21,571
D) $65,143

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Question 32

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Find the sum-of-the-years'-digits depreciation fraction for the first year. -30 years

A)
B)
C)
D)

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Question 33

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Find the depreciation per unit. Round to the nearest cent. -Cost: $6,600 Salvage: $500 Est. Life: 21,000 units

Find the book value using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar. -Cost: $167,000 Recovery Period: 7-year After: Fourth year

Solve the problem. -A printing press cost $47,100 and has an estimated life of 11 years and a scrap value of $5,652. Find The total depreciation at the end of 2 years using the straight-line method. Round to nearest dollar.

Use the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -Find the book value at the end of the third year for a service van which cost $16,000, has a life of 8 Years, and an estimated scrap value of $1,600.

Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar. -Find the book value at the end of 5 years. Cost: $77,500 Estimated life: 50 years Estimated scrap value: $4,650

Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar. -Find the book value at the end of 4 years. Cost: $39,000 Estimated life: 9 years Estimated scrap value: $5,100

Find the first year's depreciation using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar. -Cost: $90,500 Period: 20-year

Use the MACRS depreciation rates table to find the recovery percent (rate) , given the recovery year and recovery period. -Recovery year: 5 Recovery period: 10-year

Find the book value to the nearest dollar. -Cost $7,030, life 2 years, scrap value $633 at the end of 1 year using double-declining balance Method

Find the annual amount of depreciation using the straight-line method. Round to the nearest dollar. -Cost: $37,000 Estimated life: 25 years Estimated scrap value: None

Find the first year's depreciation using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar. -Cost: $402,500 Period: 27.5-year

Find the first year's depreciation using the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -

Provide an appropriate response. -Describe in your own words the conditions under which the units-of-production method of depreciation is most applicable.

Use the double-declining-balance method of depreciation. Round to the nearest dollar. -Royal Oaks Golf Course buys a tractor for $8,900 and estimates the life at 8 years with a scrap value Of $890. What is its book value at the end of the fourth year?

Use the MACRS depreciation rates table to find the recovery percent (rate) , given the recovery year and recovery period. -Recovery year: 8 Recovery period: 27.5-year

Find the annual amount of depreciation using the units-of-production method. Round to the nearest dollar. -Depreciation per unit: $0.09 Units of production: 214,000

Use the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -Scot Cleaners bought a new trouser press for $7,500 and estimates its life at 4 years at which time The salvage value is expected to be $750. Find the amount of depreciation each year.

Find the annual amount of depreciation using the units-of-production method. Round to the nearest dollar. -Depreciation per unit: $0.06 Units of production: 237,000