Maurice Tutor

(5)

$15/per page/Negotiable

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: 402 Weeks 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 25 Sep 2017 My Price 10.00

Recording Depreciation

Computing the Acquisition Cost and Recording Depreciation under Three Alternative Methods - At the beginning of the year, Plummer’s Sports Center bought three used fitness machines from Advantage, Inc. The machines immediately were overhauled, installed, and started operating. The machines were different; therefore, each had to be recorded separately in the accounts.

Machine A

Machine B

Machine C

Amount paid for asset

$11,000

$30,000

$8,000

Installation costs

500

1,000

500

Renovation costs prior to use

2,500

1,000

1,500

By the end of the first year, each machine had been operating 4,800 hours.

Required:

1. Compute the cost of each machine.

2. Give the entry to record depreciation expense at the end of year 1, assuming the following:

ESTIMATES

Machine

Life

Residual Value

Depreciation Method

A

5 years

$1,000

Straight-line

B

60,000 hours

2,000

Units-of-production

C

4 years

1,500

Double-declining-balance

 

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 08:09 PM My Price 10.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)