University Of North Carolina At Charlotte Operations And Supply Chain Management Assignment Help - salvage valu

Question - 1. An asset is purchased for $50,000. It has an estimated useful life of 12 years and a salvage value
of $5,000. What is the annual depreciation of the asset using the straight-line method?
A. $3,750.00 XXXXXX
B. $4,000.00
C. $4,500.00
D. $4,583.33
2. An asset purchased by Able Corporation for $15,000 on 01/01/1997 also incurred freight charges of
$200 and installation cost of $1,000. The asset had a life expectancy of eight years and a salvage
value of $2,800. What are the accumulated straight-line depreciation and book value on 01/01/2000?
A. $1,675; $9,975
B. $5,025; $11,175 XXXXXX
C. $1,875; 10,575
D. $6,075; $10,125
3. Parker Inc. purchased a $30,000 asset with a salvage value of $1,200 and an estimated useful life
of thr ...Read More ee years. What is the book value at the end of years one and two using the 150% declining
balance method?
A. $30,000 and $15,000
B. $25,000 and $15,000
C. $30,000 and $7,500
D. $15,000 and $7,500
4. An asset is purchased for $50,000. It has an estimated useful life of eight years and salvage value
of $6,000. If the asset is depreciated using the double-declining balance method, what are the
depreciation expense and book value at the end of year two?
A. $5,468.75; $38,281.25
B. $8,250; $30,750
C. $9,375; $28,125 XXXXXX
D. $11,000; $28,000
1. ...Read Less

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