An asset with a net book value of $1,225 to be discarded, having no sector value. How much will be taped as a lose or acquire on disposal?
loss of $1,225 ( If an heritage is not completely depreciated as soon as discarded, the net publication value will certainly be tape-recorded as a loss.)
Equipment was purchased in ~ a cost of $78,000. The tools had one estimated helpful life the 5 years and also had a residual value of $3,000. Presume the equipment was sold at the finish of year 4 for $8,000, which of the adhering to will be consisted of in the journal entry? (Assume straight-line depreciation method.)
Shale Miner Co. Acquired mineral rights for $60,000,000. The is approximated that there room 80,000 tons, and during the current year 10,750 lots were mined and also sold. What is lot of depletion because that the existing year?
The Cardinal markets purchased a generator which price $11,000. It has an approximated life of 5 years and a residual value of $1,000. The is estimated that it will be good for 5,000 hours. Compute the depreciation expense for the very first full year utilizing the right line technique of depreciation.

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The Cardinal sectors purchased a generator which price $11,000. It has actually an estimated life the 5 years and a residual value of $1,000. That is estimated that it will be good for 5,000 hours. Compute the depreciation expense for the 2nd year utilizing the double-declining balance method of depreciation
(100% ÷ 5 years) X 2 = 40%Depreciation for year 1 = $11,000 X 40% = $4,400.Depreciation for year 2 = ($11,000 - $4,400) X 40% = $2,640.
A device was purchased in ~ a expense of $78,000. The tools had an estimated advantageous life that 5 years and also a residual worth of $3,000. Suspect the equipment was marketed at the finish of year 4 because that $8,000, identify the get or lose on the revenue of equipment. (Assume straight-line depreciation method.)
($78,000 - $3,000) ÷ 5 = $15,000 X 4 = $60,000$78,000 - $60,000 = $18,000$8,000 - $18,000 = ($10,000) loss.
Shale Miner Co. Obtained mineral rights for $60,000,000. That is estimated that there room 80,000 full tons the the resource, and also during the existing year 10,750 tons were mined and also sold. What is the price of depletion?
The prices of getting fixed assets incorporate all amounts spent to gain the asset in place and also ready for use. Unnecessary costs like failure in installation space treated together expenses.

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The Cardinal sectors purchased a generator which expense $11,000. It has actually an approximated life that 5 years and also a residual worth of $1,000. That is estimated that it will be great for 5,000 hours. Compute the depreciation price for the an initial year utilizing the units-of-production method of depreciation if the generator was used for 1,040 hours.
-Vandalism repairs throughout installation-Repair of damages incurred in reconditioning the press-New parts to replace those damaged in unloading
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