Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a machine costing 400.000 was purchased on january

A machine costing 400.000 was purchased on January 1,2015.estimate salvage is 40.000 and its expected...

60.1K

Verified Solution

Question

Accounting

A machine costing 400.000 was purchased on January 1,2015.estimate salvage is 40.000 and its expected life is 4 years.

A) Calculate depreciation for 2015 using the straight line method.

B) Calculate depreciation for all 4 years using the double declining balance method.

C) Calculate depreciation for 2015 and 2016 using the sum of the years digits method.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Is the expression x3 x3 x3 equivalent to x3 3 3 Why or why not...

Algebra
Q

The Fight for Equal Rights, 1923-1972 The ERA, in varying forms, was introduced in every session...

Psychology
Q

OEffector O Receptor Variable Stimulu

Biology
Q

104 In Young s double slit experiment D d distance between the slit D distance...

Physics
Q

Read and try to solve the problem below There are 32 people on a field...

Basic Math
Q

11 Simplify the following expression 1 a b OB a 6b 2 A OC ab...

Basic Math
Q

Graph the solution set of the inequality where x28

Basic Math
Q

8 8 points Facebook A study showed that two years ago the mean time spent...

Statistics
Q

Is the function graphed to the right continuous at the point x 1 Choose the...

Calculus
Q

If you borrow $7,200 at $750 interest for one year, what...

Accounting
Q

You purchased a $1,000 bond paying a coupon rate of 7.0 percent 10 years ago....

Accounting
Q

tonys resturant accepted a visa card in payment of a 175 lunch bill the bank...

Accounting