Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. paint pro purchased a spray painter on august 1,20

Paint Pro purchased a spray painter on August 1,2025 for $4,560 and estimated...

80.2K

Verified Solution

Question

Accounting

Paint Pro purchased a spray painter on August 1,2025 for $4,560 and estimated the salvage value at $700, along with an estimated useful life of 4 years and 5,000 spray hours. 1,500 spray hours were used in 2025.1,800 spray hours were used in 2026. How much is depreciation expense in 2025 and 2026 using the double-declining-balance method? (Round intermediate calculations and final answers to 0 decimal places, e.g.5,275.)
2025 expense $
2026 expense $
image

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

?(Equivalent annual annuity?) Rib? & Wings-R-Us is considering the purchase of a new smoker oven for cooking?...

Finance
Q

Consider the data. xi 3 12 6 20 14 yi 65 40 60 15 20 The estimated regression equation for these data is ŷ = 75.75 − 3.25x. (a) Compute SSE,...

Statistics
Q

A constant current I flows through a metal rod of length L and mass m...

Physics
Q

The number of stickers Kevin had was 1/4 more than the number of stickers John...

Basic Math
Q

Thy buying one of two gas ovens The bakery requires that the temperature remain constant...

Algebra
Q

Fir's president wants the Wood Division to transfer 5,000 units...

Accounting
Q

A piece of equipment is purchased on 1/1/2009 and booked for $8,000 with a ...

Accounting
Q

Question 1 (36 marks) On 1 May, John began a new business, called Music Limited,...

Accounting
Q

Unemploymen t Rate (NSA) 2.9% 2.8% 3.0% Time Period 2018Q3 201804 2019Q1 201902 201903 201904...

Accounting
Q

25 Which of the following budgets is the first to be prepared in the A....

Accounting
Q

Carol Cagle has a repetitive manufacturing plant producing trailer hitches in Arlington, Texas. The plant...

Finance
Q

Siven the above information, Target's equity multiplier is and its cash coverage ratio is ....

Finance