The writer is very fast, professional and responded to the review request fast also. Thank you.
Presentation/PPT
27/08/2022
What is the depreciation in the ninth year for a peach grove that was purchased for $58,000 and placed in service as a ten-year property under the MACRS method of depreciation?
$2,947.50
$4,376.00
$1,612.80
$3,804.80
A piece of equipment is purchased for $18,000.00 and has a salvage value of $2,000.00. The estimated life is 10 years and the method of depreciation is straight-line. Shipping costs total $620.00 and installation costs are $590.00. The book value at the end of year 10 is?
$3,110.00.
$2,110.00.
$2,000.00.
$1,110.00.
A piece of equipment is purchased for $18,000.00 and has a salvage value of $2,000.00. The estimated life is 10 years and the method of depreciation is straight-line. Shipping costs total $620.00 and installation costs are $590.00. The total cost of the equipment is?
$18,000.00.
$21,210.00.
$2,000.00.
$19,210.00.
A truck has an estimated useful life of 150,000 miles. The original cost is $60,000.00 and the salvage value is $5,000.00. The miles driven were 18,000 for year 1 and 19,500 for year 2. The unit depreciation rate is?
$3.67.
$0.367.
$0.27.
$0.40.
Baker, Inc. uses the sum-of-the-years’-digits method to depreciate a $79,600.00 piece of equipment that has an estimated life of 20 years. The salvage value is $4,000.00. The book value at the end of year 2 is?
$14,822.70.
$4,000.00.
$65,560.00.
$7,960.00.
Baker, Inc. uses the sum-of-the-years’-digits method to depreciate a $79,600.00 piece of equipment that has an estimated life of 20 years. The salvage value is $4,000.00. The book value at the end of year 2 is?
$14,822.70.
$4,000.00.
$65,560.00.
$7,960.00.
A truck cost $21,000.00 with an estimated salvage value of $1,000.00. It has an estimated useful life of 5 years. If the truck was purchased on January 5, what would be the book value of the truck at the end of year 1, using the straight-line method?
$17,000.00
$16,000.00
$4,000.00
$20,000.00
A piece of equipment is purchased for $18,000.00 and has a salvage value of $2,000.00. The estimated life is 10 years and the method of depreciation is straight-line. Shipping costs total $620.00 and installation costs are $590.00. The depreciation for year 2 is?
$1,721.00.
$200.00.
$1,800.00.
$1,921.00.
An asset costing $50,000.00 with a residual value of $5,000.00 has an estimated useful life of 5 years. Using the declining-balance method at twice the straight-line rate the depreciation for the second year is?
$12,000.00.
$20,000.00.
$18,000.00.
$10,800.00.
An office telephone system cost $32,000.00 with an estimated residual value of $2,000.00. The system has an estimated useful life of 5 years. Using the sum-of-the-years’-digits method, the amount of depreciation for the fourth year is?
$4,000.00.
$8,000.00.
$6,000.00.
$10,000.00
The writer is very fast, professional and responded to the review request fast also. Thank you.
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more