Maurice Tutor

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 5 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Aug 2017 My Price 9.00

Sunburn Fitness Center

straight-Line Method

sE3. Sunburn Fitness Center purchased a new step machine for $8,250. The apparatus is expected to last four years and have a residual value of $750. What will the depreciation expense be for each year under the straight-line method?

 

Production Method

sE4. Assume that the step machine in SE3 has an estimated useful life of 8,000 hours and was used for 2,400 hours in year 1; 2,000 hours in year 2; 2,200 hours in year 3; and 1,400 hours in year 4. How much would depreciation expense be in each year? (Round to the nearest dollar.)

 

q117
Double-Declining-Balance Method

sE5. Assume that the step machine in SE3 is depreciated using the double-declining- balance method. How much would depreciation expense be in each year?

 

Disposal of Plant Assets: No Trade-In

sE6. Times Printing owned a piece of equipment that cost $32,400 and on which it had recorded $18,000 of accumulated depreciation. The company disposed of the equip- ment on January 2, the first day of business of the current year.

1.    Calculate the carrying value of the equipment.

2.    Calculate the gain or loss on the disposal under each of the following assumptions:

a.    The equipment was discarded as having no value.

b.    The equipment was sold for $6,000 cash.

c.    The equipment was sold for $16,000 cash.

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Aug 2017 10:08 PM My Price 9.00

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