Notice: Payments for answers will end 4/10/2017. Click for more info.
You have new items in your feed. Click to view.
Question and answer
Q: On January 1, 2013, Zane Manufacturing Company purchased a machine for $40,000. The company expects to use the machine a total of 24,000 hours over the next 6 years. The estimated sales price of the
machine at the end of 6 years is $4,000. The company used the machine 8,000 hours in 2013 and 12,000 in 2014. What is depreciation expense for 2013 if the company uses double - declining - balance depreciation? 57) A) $6,667 B) $12,000 C) $6,000 D) $13,333
A: $6000 is the declining balance depreciation. The depreciable amount = $40,000 - 4000 = $36000 In 2013, the depreciation = 36000 x 8000/24000 = $12,000 In 2014, [ [ the depreciation = 36000 x 12000/24000 = $18000 Carrying amount at the beginning of $2015 = 36000 - 30000 = $6000 ] ]
biokids513|Points 110|
Question
Asked 4/17/2013 8:58:40 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
26,396,736 questions answered
Weegy Stuff
S
P
P
L
P
P
P
Points 105 [Total 1841] Ratings 3 Comments 75 Invitations 0 Offline
S
Points 57 [Total 68] Ratings 4 Comments 17 Invitations 0 Offline
S
Points 30 [Total 30] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 16 [Total 16] Ratings 0 Comments 6 Invitations 1 Offline
S
L
Points 15 [Total 112] Ratings 0 Comments 15 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 5 [Total 5] Ratings 0 Comments 5 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.