Homework Answers
| Auburn Car Wash ( Activity Activity Based) | ||||||||
| Calculation | = | End of Year Amount | ||||||
| Year | Hour used (i) |
Depericaition rate(2) | Deperication expense 3=(1*2) |
Accumulated depericiation | Book value ( Cost of machine-Accum deperication | |||
| 1 | 2000 | 48 | $ 96,000.00 | $ 96,000.00 | $ 404,000.00 | |||
| 2 | 1500 | 48 | $ 72,000.00 | $ 168,000.00 | $ 332,000.00 | |||
| 3 | 1400 | 48 | $ 67,200.00 | $ 235,200.00 | $ 264,800.00 | |||
| 4 | 1800 | 48 | $ 86,400.00 | $ 321,600.00 | $ 178,400.00 | |||
| 5 | 2000 | 48 | $ 96,000.00 | $ 417,600.00 | $ 82,400.00 | |||
| 6 | 1300 | 48 | $ 62,400.00 | $ 480,000.00 | $ 20,000.00 | |||
| Refer | ||||||||
| Depericiation charges | = | (Cost of Machine- Salvage Value) | ||||||
| Total Estimated Hours | ||||||||
| = | (500000-20000) | |||||||
| 10000 | ||||||||
| = | 48 | |||||||
| Auburn Car Wash ( Straight Line) | ||||||||
| Calculation | = | End of Year Amount | ||||||
| Year | Depriciable cost (1) | Depericaition rate (2) | Deperication expense 3=(1*2) |
Accumulated depericiation | Book value ( Cost of machine-Accum deperication | |||
| 1 | $ 500,000 | 16.67% | $ 83,350.00 | $ 83,350.00 | $ 416,650.00 | |||
| 2 | $ 416,650 | 16.67% | $ 69,455.56 | $ 152,805.56 | $ 347,194.45 | |||
| 3 | $ 347,194 | 16.67% | $ 57,877.31 | $ 210,682.87 | $ 289,317.13 | |||
| 4 | $ 289,317 | 16.67% | $ 48,229.17 | $ 258,912.03 | $ 241,087.97 | |||
| 5 | $ 241,088 | 16.67% | $ 40,189.36 | $ 299,101.40 | $ 200,898.60 | |||
| 6 | $ 200,899 | 16.67% | $ 33,489.80 | $ 332,591.20 | $ 167,408.80 | |||
| Refer | ||||||||
| Depericiation rate | = | 1 | ||||||
| Total estimated life | ||||||||
| = | 1 | = | 16.67% | |||||
| 6 | ||||||||
| Auburn Car Wash ( Double declining Balance) | ||||||||
| Calculation | = | End of Year Amount | ||||||
| Year | Beginning Boook value | X | Depericaition rate | Deperication expense |
Accumulated depericiation | Book value ( Cost of machine-Accum deperication | Refer for depericiation Expense | |
| 1 | $ 500,000 | 0.33 | $ 165,000 | $ 165,000 | $ 335,000 | 500000*0.33 | ||
| 2 | $ 335,000 | 0.33 | $ 110,550 | $ 275,550 | $ 224,450 | ( 500000-165000)*0.33) | ||
| 3 | $ 224,450 | 0.33 | $ 74,069 | $ 349,619 | $ 150,382 | ( 500000-275500)*0.33) | ||
| 4 | $ 150,382 | 0.33 | $ 49,626 | $ 399,244 | $ 100,756 | ( 500000-349619)*0.33) | ||
| 5 | $ 100,756 | 0.33 | $ 33,249 | $ 432,494 | $ 67,506 | ( 500000-399244)*0.33) | ||
| 6 | $ 67,506 | 0.33 | $ 22,277 | $ 454,771 | $ 45,229 | ( 500000-432494)*0.33) | ||
| Refer | ||||||||
| Depericiation rate | = | 1 | *2 | |||||
| Total estimated life | ||||||||
| = | 1 | *2= | 16.67% | |||||
| 6 | ||||||||
|
It is observed that at the end of 6th year book value will come higher by calculating a depreciation through straight line value method |
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University Car Wash built a deluxe car wash across the street from campus. The new machines...
University Car Wash built a deluxe car wash across the street
from campus. The new machines cost $246,000 including installation.
The company estimates that the equipment will have a residual value
of $27,000. University Car Wash also estimates it will use the
machine for six years or about 12,000 total hours. Actual use per
year was as follows:
Year
Hours Used
1
2,800
2
1,900
3
2,000
4
2,000
5
1,800
6
1,500
3. Prepare a depreciation schedule for six...
University Car Wash built a deluxe car wash across the street from campus. The new machines...
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There different parts please solve all of them
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University Car Wash built a deluxe car wash across the street
from campus. The new machines cost $246,000 including installation.
The company estimates that the equipment will have a residual value
of $27,000. University Car Wash also estimates it will use the
machine for six years or about 12,000 total hours. Actual use per
year was as follows:
Year
Hours Used
1
2,800
2
1,900
3
2,000
4
2,000
5
1,800
6
1,500
3. Prepare a depreciation schedule for six...
University Car Wash built a deluxe car wash across the street from campus. The new machines cost $237,000 including installation. The company estimates that the equipment will have a residual value of $28,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Year 1 2 3 4 5 6 Hours Used 2,700 2,000 2,100 1,900 1,700 2,100 Required: 1. Prepare a depreciation schedule for...
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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $237,000 including installation. The company estimates that the equipment will have a residual value of $28,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows Hours Used 2,700 2,000 2,100 1,900 1,700 2,100 Year 4 5 6 2Prepare a depreciation schedule for six years using the double-declining-balance...
There different parts please solve all of them
Required information The following information applies to the questions displayed below.) University Car Wash built a deluxe car wash across the street from campus. The new machines cost $267.000 including installation. The company estimates that the equipment will have a residual value of $24,000. University Car Wash also estimates it will use the machine for six years or about 12,000 total hours. Actual use per year was as follows: Year Hours Used...
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