Asset purchased for $900,000. The expected life is 5 years. salvage value is $100,000. what is the Fourth year depreciation using the straight line method.
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- Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is expected to be driven for ten years. Montello uses the straight-line depreciation method. Calculate the annual depreciation expense.Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is expected to be driven for eight years. Montello uses the straight-line depreciation method. Calculate the annual depreciation expense.Calculate the depreciation life, if the depreciation charge value for the second year is 409, cost of asset is 3000$ and salvage value is 500$ and SOYD is equal to 55. Select one: a. 10 years b. 5 years c. 8 years
- an asset purchased for 100000. its estimated life for 5 years. find the salvage value if the total depreciation after 4 years using the sum of the years digit method is 79333.33I am using MACRS for depreciation. Purchase date: September 1st Cost: $650,000 Salvage: $30,000 Life: 7 years What percent do I use to calculate depreciation for years 1-8?A tool is purchased for $500,000. The expected life is 25 years. The salvage value is $100,000. what is the second year's depreciation using the double deelining balanee method.
- Calculate the 4th year annual depreciation charge value if the depreciation life is 6 years, cost of asset is 900$ and salvage value is 70$ using the Sum-of-Year Digits Depreciation rule. Select one: a. 110$ b. 119$ c. 125$Calculate the depreciation expense for an asset with the following details: Initial Cost: $50,000 Salvage Value: $5,000 Useful Life: 5 yearsThe purchase value of an asset is $33,000 and the salvage value is $3,000. The estimated useful life is 5 years, using the method of sum of years (SOY), fill in blanks : 1. The depreciation at the third years is 2. The book value at the end of the first years is. 3. The depreciation during the second years is 4. The total depreciation during the useful life is.. 5. The book value at the end of the fourth year is
- salvage value of $30,000 and an estimated life of 4 years or 10,000 hours. It is to be depreciated by the units-of-activity method. What is the amount of depreciation for the first full year, during which the equipment was used 2,700 hours?An asset is purchased for $90,000. It is expected to have a useful life of six years and a salvage value of $18,000 at the end of its useful life. Find the depreciation amount in the second year using 150% DB depreciation.An asset is purchased for $200,000. The salvage value in 20 years is $75,000. What is the depreciation in year 4 using the following depreciation methods: a.) single line b.) double declining balance c.) sum-of-the-years' digits