You are watching: Which method almost always produces the most depreciation in the first year?
How need to you record a capital expenditure?A.Debit a liabilityB.Debit one assetYour prize is correct.C.Debit one expenseD.Debit capital
Which an approach almost always produces the many depreciation in the first year?A.Straight-lineB.Double-declining-balanceYour prize is correct.C.Units-of-productionD.All produce the same depreciation in the very first year.
copy machine cost 33,000 and has gathered depreciation the 30,000. Obtain rid of machine and it s okay nothing. What is the result of the handle transaction
Which technique is supplied to compute depletion?A.Straight-line methodB.Double-declining-balance methodC.Units-of-production methodYour price is correct.D.Depletion method
Wholesale Hardware Consultants purchased a structure for $ 354,000 and also depreciated the on a straight-line basis end a 25-year period. The estimated residual worth is $ 104,000. After using the building for 15 years, all realized the wear and also tear top top the structure would wear that out before 25 years and that the estimated residual value should be $ 88000. Beginning with the 16th year, Wholesale started depreciating the building over a revised total life of two decades using the brand-new residual value. Journalize depreciation expense on the building for year 15 and 16.
(Cost-Residiudal value)/Useful life = straightline depreciationDepreciation cost - structure 10,000Accumulated Depreciation - structure 10,000To document depreciation on structure price - built up depreciation = publication value(Book value - residual value)/ revised helpful life = modification depreciation Redpreciation price - buildingaccumlated depr. - building
<(Cost - gathered depreciation) x DDB rate> x (number that months/12)= twin decling balance depreciation<($18,000-$7,200) x2 x (1/5)> x (9/ 12 ) =$3,240
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