How to solve the problem
1 answer:
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Answer:
option (a) $6,240
Step-by-step explanation:
Given:
Purchasing cost of the equipment = $82,000
Estimated life = 5 years
Salvage value = $4,000
Revised expected life = 8 years
Now,
Depreciation per year =
therefore,
The accumulated Depreciation at the beginning of year 4
= Annual depreciation × years passed
= 15,600 × 3
= $46,800
Thus,
The book value at the beginning of year 4
= Purchasing cost - Depreciation
= $82,000 - $46,800
= $35,200
Now,
The remaining life = Revised estimated life - Years passed
= 8 - 3
= 5 years
therefore,
Depreciation expense =
=
= $6,240
Hence,
The correct answer is option (a) $6,240
Answer:
5140 and 3140
Step-by-step explanation:
Note there is a common difference d between consecutive terms in the sequence, that is
d = 140 - 40 = 240 - 140 = 340 - 240 = 100
This indicates the sequence is arithmetic with n th term
= a₁ + (n - 1)d
where a₁ is the first term and d the common difference
Here a₁ = 40 and d = 100, thus
= 40 + (51 × 100) = 40 + 5100 = 5140
= 40 + (31 × 100) = 40 + 3100 = 3140