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Find the annual straight-line rate of depreciation for the estimated life

Question : Find the annual straight-line rate of depreciation for the estimated life : 2139077

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

Find the annual straight-line rate of depreciation for the estimated life.

1) 6 years

A) 16.7%

B) 6%

C) 8.3%

D) 1.7%

2) 30 years

A) 3.3%

B) 0.3%

C) 30%

D) 1.7%

Find the annual amount of depreciation using the straight-line method. Round to the nearest dollar.

3)

Cost:

$37,000

Estimated life:

25 years

Estimated scrap value:

None

 

A) $ 9,250

B) $500

C) $ 3,700

D) $ 1,480

4)

Cost:

$460

Estimated life:

8 years

Estimated scrap value:

$92

 

A) $ 12

B) $ 92

C) $ 46

D) $ 58

5)

Cost:

$4,100

Estimated life:

6 years

Estimated scrap value:

$600

 

A) $ 683

B) $ 100

C) $ 600

D) $ 583

Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar.

6) Find the book value at the end of the first year.

Cost:

$ 4,500

Estimated life:

6 years

Estimated scrap value:

$ 300

 

A) $ 3,100

B) $ 3,750

C) $ 700

D) $ 3,800

7) Find the book value at the end of 5 years.

Cost:

$ 3,300

Estimated life:

9 years

Estimated scrap value:

$ 363

 

A) $ 1,632

B) $ 1,668

C) $ 1,467

D) $ 2,974

8) Find the book value at the end of 10 years.

Cost:

$ 67,500

Estimated life:

12 years

Estimated scrap value:

$ 4,050

 

A) $ 62,213

B) $ 52,875

C) $ 11,250

D) $ 14,625

9) Find the book value at the end of 5 years.

Cost:

$ 77,500

Estimated life:

50 years

Estimated scrap value:

$ 4,650

 

A) $ 76,043

B) $ 70,215

C) $ 7,285

D) $ 69,750

10) Find the book value at the end of 4 years.

Cost:

$ 39,000

Estimated life:

9 years

Estimated scrap value:

$ 5,100

 

A) $ 15,067

B) $ 31,467

C) $ 21,667

D) $ 23,933

Solution
5 (1 Ratings )

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