Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. o d. monthly maintenance to the machine on january

O d. Monthly maintenance to the machine On January 1, 2018, a machine is purchased...

90.2K

Verified Solution

Question

Accounting

image
O d. Monthly maintenance to the machine On January 1, 2018, a machine is purchased for $100,000. It is expected to have a useful life of 10 years, during which time it is expected to be used for 20,000 hours. The salvage value is $20,000. It is used for 5,000 hours in 2018 and 4,000 in 2019. What is the book value at 12/31/19? (The company uses the units-of-production method.) Select one: O a. $44,000 b. $55,000 c. $65,000 d. $35,000 o e. $64,000 A company purchased factory equipment for $28,000. It is estimated that the equipment will have an $8,000 salvage value at the end of its estimated 10-year useful life. If the company uses the double-declining- balance method of depreciation, the book value at the end of the second year after purchase would be Select one: a. $9.920 ub. $17,920 c. $10,080 d. $22,680 e. $181080

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

Kuta Software Infinite Algebra 1 Finding Slope From Two Points Find the slope of the...

Basic Math
Q

/* WordList source file * * *   This file will contain the function definitions you will implement. *   The function...

Programming
Q

How does an electron microscope work? Please explain in detail.

Physics
Q

the same 1 A charge q is moved from A to B in the region...

Physics
Q

A farmer is packing 2,205 pounds of potatoes into boxes. Each box can hold 49...

Basic Math
Q

Find the values of the variables H a 2 5z 1 7m 12k 5 N...

Algebra
Q

solve part b Carla Vata 5alon Supply Cempamy has...

Accounting
Q

1. Barr Corp. is the lessee in a Type A lease. Under the new ASU,...

Accounting
Q

XS Supply Company is developing its annual financial statements at December 31. The...

Accounting
Q

Puget Sound Divers is a company that provides diving services such as underwater ship repairs...

Accounting
Q

Pink Corp. purchased a piece of land in 2022 for $1,000,000 and incurred the following...

Accounting
Q

Question 4 O out of 1 points Suppose the exchange rate is $1.39/, the euro-denominated...

Finance