Business, 16.12.2019 22:31 anishivaturi123

Dexter industries purchased packaging equipment on january 8 for $98,000. the equipment was expected to have a useful life of three years, or 20,000 operating hours, and a residual value of $6,000. the equipment was used for 8,980 hours during year 1, 6,930 hours in year 2, and 4,090 hours in year 3. required: 1. determine the amount of depreciation expense for the three years ended december 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. also determine the total depreciation expense for the three years by each method. (note: for straight-line only, round the first two years to the nearest whole dollar, then round the third year as necessary. for declining balance only, round the multiplier to five decimal places. then round the answer for each year to the nearest whole dollar.) 2. what method yields the highest depreciation expense for year 1? 3. what method yields the most depreciation over the three-year life of the equipment?

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 04:50

Allie and sarah decided that they want to purchase renters insurance for the apartment they share. they made a list of all of the items to be covered by the insurance policy, along with their estimated values. if the items to be covered total more than $3000, the insurance company charges an annual premium of 23% of the total value of the items. if the items to be covered total $3000 or less, the insurance company charges an annual premium of 20% of the total value of the items.

Answers: 1

Answer

Business, 22.06.2019 05:30

Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.

Answers: 1

Answer

Business, 22.06.2019 11:00

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)

Answers: 3

Answer

Business, 22.06.2019 11:10

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?

Answers: 2

Answer

You know the right answer?

Dexter industries purchased packaging equipment on january 8 for $98,000. the equipment was expected...

Questions