Business, 11.02.2020 20:38, proudmarinemom7186
Muggsy Bogues Company purchased equipment for $212,000 on October 1, 2020. It is estimated that the equipment will have a useful life of 8 years and a salvage value of $12,000. The estimated production is 40,000 units and the estimated working hours are 20,000. During 2020, Bogues uses the equipment for 525 hours and the equipment produces 1,000 units.
Compute depreciation expense under each of the following methods. Bogues is on a calendar-year basis ending December 31.
a. Straight-line method for 2014 (Round answer to 0 decimal places, e. g. 45,892.)
b. Activity method (units of output) for 2014 (Round rate per unit to 2 decimal places, e. g. 5.35 and final answer to 0 decimal places, e. g. 45,892.)
c. Activity method (working hours) for 2014 (Round rate per hour to 2 decimal places, e. g. 5.35 and final answer to 0 decimal places, e. g. 45,892.)
d. Sum-of-the-years'-digits method for 2016 (Round answer to 0 decimal places, e. g. 45,892.)
e. Double-declining-balance method for 2015 (Round answer to 0 decimal places, e. g. 45,892.)
Answers: 3
Business, 22.06.2019 10:10, travisvb
Ursus, inc., is considering a project that would have a five-year life and would require a $1,650,000 investment in equipment. at the end of five years, the project would terminate and the equipment would have no salvage value. the project would provide net operating income each year as follows (ignore income taxes.):
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Business, 22.06.2019 19:00, nativebabydoll35
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Muggsy Bogues Company purchased equipment for $212,000 on October 1, 2020. It is estimated that the...
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