Online College Courses for Credit

Depreciation, Intangible Assets, and Impairments, accounting homework help

Depreciation, Intangible Assets, and Impairments, accounting homework help

Author: david utsey

Click link for download:

(Depreciation for Partial Periods--SL, Act., SYD, and Declining-Balance)The cost of equipment purchased by Boyd, Inc., on June 1, 2014, is $180,000. It is estimated that the machine will have a $12,000 salvage value at the end of its service life. Its service life is estimated at 7 years, its total working hours are estimated at 67,200, and its total production is estimated at 525,000 units. During 2014, the machine was operated 7,000 hours and produced 60,000 units. During 2015, the machine was operated 6,500 hours and produced 52,000 units.
Compute depreciation expense on the machine for the year ending December 31, 2014, and the year ending December 31, 2015, using the following methods.
(a)Straight-line. PAGE 593
(c)Working hours.
(d)Sum-of-the-years'-digits. PAGE 594
(e)Declining-balance (twice the straight-line rate). PAGE 594

See More
Fast, Free College Credit

Developing Effective Teams

Let's Ride
*No strings attached. This college course is 100% free and is worth 1 semester credit.

37 Sophia partners guarantee credit transfer.

299 Institutions have accepted or given pre-approval for credit transfer.

* The American Council on Education's College Credit Recommendation Service (ACE Credit®) has evaluated and recommended college credit for 32 of Sophia’s online courses. Many different colleges and universities consider ACE CREDIT recommendations in determining the applicability to their course and degree programs.