Question description
Choose the one alternative that best completes the statement or answers the question. Solve the problem. Round dollar amounts to the nearest dollar.Find the yearly straight-line depreciation of a home theatre system including the receiver, main audio speakers, surround sound speakers, audio and video cables, and blue-ray player that costs $3100 and has a salvage value of $900 after an expected life of 5 years in a hotel lobby.$900$180$440$62010 – Essay Writing Service: Write My Essay by Top-Notch Writer points QUESTION 2Solve the problem. Round unit depreciation to nearest cent when making the schedule, and round final results to the nearest cent.A barge is expected to be operational for 280,000 miles. If the boat costs $19,000.00 and has a projected salvage value of $1900.00, find the unit depreciation.$0.06$0.60$0.70$0.07 10 points QUESTION 3Solve the problem. Round unit depreciation to nearest cent when making the schedule, and round final results to the nearest cent.A construction company purchased a piece of equipment for $1520. The expected life is 9000 hours, after which it will have a salvage value of $380. Find the amount of depreciation for the first year if the piece of equipment was used for 1800 hours. Use the units-of-production method of depreciation.$177.33$136.50$304.00$228.0010 points QUESTION 4Solve the problem using the information given in the table and the weighted-average inventory method. Round to the nearest cent.Calculate the average unit cost.Date of PurchaseUnits PurchasedCost Per UnitBeginning Inventory25$32.12March 170$25.24June 165$36.24August 140$20.81$32.90$143.95$28.79$24.77 10 points QUESTION 5Solve the problem using the information given in the table and the weighted-average inventory method. Round to the nearest cent.Calculate the cost of ending inventory.Date of PurchaseUnits PurchasedCost Per UnitBeginning Inventory25$33.18March 170$28.60June 165$38.75August 140$21.49Units Sold68$1461.32$3116.05$4298.00$4098.5010 points QUESTION 6Solve the problem using the information given in the table and the weighted-average inventory method. Round to the nearest cent.Calculate the cost of goods sold.Date of PurchaseUnits PurchasedCost Per UnitBeginning Inventory25$34.13March 170$27.34June 165$35.61August 140$20.77Units Sold62$4079.63$1832.87$9992.13$5912.5010 points QUESTION 7Solve the problem. Use a fraction for the rate and round dollar amounts to the nearest cent.Jeremy James is depreciating solar panels purchased for $3600. The scrap value is estimated to be $900. He will use double-declining-balance and depreciate over 6 years. What is the first year’s depreciation?$1200.00$450.00$600.00 $900.00 10 points QUESTION 8Solve the problem. Use a fraction for the rate and round dollar amounts to the nearest cent.Eric Johnson is depreciating a kitchen oven range purchased for $1720. The scrap value is estimated to be $172. He will use double-declining-balance and depreciate over 30 years. What is the first year’s depreciation?$57.33$103.20 $51.60 $114.67 9) Solve the problem. Use a fraction for the rate and round dollar amounts to the nearest cent.Jane Frankis is depreciating a train engine purchased for $86,000. The scrap value is estimated to be $5000. She will use double-declining-balance and depreciate over 40 years. What is the first year’s depreciation?$2025.00$4050.00 $4300.00 $2150.00QUESTION 10Find the depreciation for the indicated year using MACRS cost-recovery rates for the properties placed in service at midyear. Round dollar amounts to the nearest cent.[img alt=”” src=”https://content.grantham.edu/at/MA095/W6_Quiz/question10.png”>Property ClassDepreciation YearCost of Property3-year3$86,600.00$28,863.78$17,320.00$12,825.46$16,627.20
