A factory maker was purchased for $25,000 ~ above January 1, 2003. It was approximated that the would have a $5,000 salvage value at the end of the 5-year valuable life. That was also estimated that the maker would be run 40,000 hours in the 5 years. If the yes, really number of machine hours ran in 2003 to be 4,000 hours and also the company uses the units-of-activity an approach of depreciation, the quantity of depreciation expense for 2003 would certainly be:


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On January 1, a machine with a advantageous life of five years and a residual worth of $3,000 to be purchased because that $15,000. What is the depreciation expense for year 2 under the double-declining-balance an approach of depreciation.
Equipment with a price of $160,000 has actually an approximated salvage value of $15,000 and an estimated life that 4 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the amount of depreciation because that the very first full year, during which the tools was offered 3,300 hours?
Which one of the following items is not considered a part of the expense of a truck purchased for service use?
A company purchased land because that $72,000 cash. Genuine estate brokers" commission to be $5,000 and $7,000 was invested for demolishing an old building on the land before construction that a brand-new building might start. Under the expense principle, the price of land would certainly be tape-recorded at
The Carlton company purchases a brand-new delivery truck because that $25,000. The sales taxes space $1,000. The logo of the agency is painted top top the next of the truck because that $600. The truck patent is $60. The van undergoes safety trial and error for $110. What does Carlton record as the cost of the new truck?
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MyAccountingLab with Pearson eText -- Instant accessibility -- for Financial Accounting9th EditionCharles T. Horngren
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