Business, 19.03.2020 09:03 ovowendygirl7595

The York City Hospital has just acquired new equipment. The equipment cost $4,250,000, and the organization spent $135,000 on upgrading the physical plant the new equipment will be located in. The equipment is expected to have a 10-year useful life and a salvage value of 10% (i. e., $425,000). Calculate the first 5 years of depreciation, using SL, DDB, and SYD.

Answers: 1

Show answers

Answers

Answer from: xbeatdroperzx

Depreciation Straight Line Method= Acquisition Cost - Salvage Value/ Useful Life

Depreciation Straight Line Method= $ 4250000+ $ 135,000- 425,000/ 10

Depreciation Straight Line Method= 4385,000- 425,000/10= 3960,000/10=

Depreciation Straight Line Method= $396,000

Straight Line Rate= 100%/ useful Life= 100%/10 = 10%

Double Declining Method = 2 * Straight Line Rate

Double Declining Method = 2 * Straight Line Rate= 2*10%= 20%

Year Book Value Dep Rate Dep Expense Accu. Dep. Book Value

1 4385,000 20% $ 877,000 877,000 3508,000

2 3508,000 20% 701,600 1578,600 2806,400

3 2806,000 20% 561,280 2139,880 2245,120

4 2245,120 20% 449,024 2588,904 1796,096

5 1796,096 20% 359, 219.2 2948,123 1409,876

Sum of Year Digits Method Depreciation

10+9+8+7+6= 40

Year Depreciation Remaining Dep Dep. Ex. Bk Value

Base Life Fraction

1 4385,000 10 10/40 1096250 3288750

2 4385,000 9 9/40 986,625 2302125

3 4385,000 8 8/40 877,000 1425,125

4 4385,000 7 7/40 767,375 657,750

5 4385,000 6 6/40 657,750 Zero

Answer from: Quest

the definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. a local bakery that employs 10 people is an example of a small business. a manufacturing facility that employees less than 500 people is an example of a small business.

Answer from: Quest

Iam style 300 words your features choice clothes information based which performance

Another question on Business

Business, 21.06.2019 15:30

Abenefit of using a debit or credit card instead of cash is that it provides a paper record of a purchase. looking at the purchases below, which one should be made using a credit or a debit card?

Answers: 3

Answer

Business, 22.06.2019 08:30

Conor is 21 years old and just started working after college. he has opened a retirement account that pays 2.5% interest compounded monthly. he plans on making monthly deposits of $200. how much will he have in the account when he reaches 591 years of age?

Answers: 2

Answer

Business, 22.06.2019 10:00

University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.

Answers: 1

Answer

Business, 22.06.2019 10:10

conquest, inc. produces a special kind of light-weight, recreational vehicle that has a unique design. it allows the company to follow a cost-plus pricing strategy. it has $9,000,000 of average assets, and the desired profit is a 10% return on assets. assume all products produced are sold. additional data are as follows: sales volume 1000 units per year; variable costs $1000 per unit; fixed costs $4,000,000 per year; using the cost-plus pricing approach, what should be the sales price per unit?

Answers: 2

Answer

You know the right answer?

The York City Hospital has just acquired new equipment. The equipment cost $4,250,000, and the organ...

Questions