(SOLVED) On July 13 2014 Caldwell Company bought

equipment for 5 280

On July 13 2014 Caldwell Company bought equipment for 5 280 On July 13, 2014, Caldwell
Company bought equipment for $5,280. Its estimated life is 4 years with a residual value of
$336. Prepare depreciation schedules for 2014, 2015, and 2016 for (a) Straight-line (b) Double
declining-balance at twice the […]

On January 1 2014 a machine was installed at Garrity On January 1, 2014, a machine was
installed at Garrity Factory at a cost of $58,000. Its estimated residual value at the end of its
estimated life of 4 years is $16,000. The machine is expected to produce 168,000 units […]

On May 13 2014 Cabe Company bought equipment for 5 520 On May 13, 2014, Cabe
Company bought equipment for $5,520. Its estimated life is 4 years with a residual value of
$144. Prepare depreciation schedules for 2014, 2015, and 2016 for (a) Straight-line (b) Double
declining-balance at twice the […]

On January 1 2014 a machine was installed at Francis On January 1, 2014, a machine was
installed at Francis Factory at a cost of $52,000. Its estimated residual value at the end of its
estimated life of 4 years is $24,000. The machine is expected to produce 70,000 units […]

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On May 1 2014 Apricot Company bought a patent at On May 1, 2014, Apricot Company bought
a patent at a cost of $5,100. It is estimated that the patent will give Apricot a competitive
advantage for 5 years. Record in general journal form amortization for 2014 and 2015. (Assume
[…]

A machine that cost 9 050 with 3 940 of accumulated depreciation A machine that cost $9,050
with $3,940 of accumulated depreciation was traded in for a similar machine having a $5,870
cash price. An $820 tradein was offered by the seller. a. Calculate the book value of the old […]

Lincoln Co whose accounting period ends on December 31 purchased Lincoln Co., whose
accounting period ends on December 31, purchased a machine for $6,800 on January 1 with an
estimated residual value of $840 and an estimated useful life of 4 years. Prepare depreciation
schedules for the current as well […]

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