Ask Experts Questions for FREE Help !
Ask
    aimeeallison's Avatar
    aimeeallison Posts: 1, Reputation: 1
    New Member
    		  
    #1

    May 18, 2011, 05:01 PM
    revising depreciation
    The question is: A fitness club uses straight-line depreciation for a machine costing 26,400, with an estimated four year life and a 2,900 salvage value. At the beginning of the third year, the club determines that the machine has three more years of remaining useful life, after which it will have an estimated 2,050 salvage value. Compute 1) the machine's book value at the end of its second year and 2) the amount of depreciation for each of the final three years given then revised estimates.
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
    Ultra Member
    		  
    #2

    May 18, 2011, 05:33 PM

    Please read this announcement.

    Ask Me Help Desk - Announcements in Forum : Homework Help

    We will work through this problem with you if you will attempt it on your own so we can check your work. We can do this in steps. Do you know how to compute straight-line depreciation? Why don't you try to compute the first 2 years (has to be done to do part 1) of your question, and we'll go from there? Thanks.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Revising depreciation, selling plant assets. [ 4 Answers ]

I am really confused to calculate the Depriciation expense for Dec, 2008. The question is like this. In 2007, Cost of truck is $22,000, estimated life year is 5 years, and salvage value is $2000. The recorded annual straight line depreciation for December 2007 is $4000 as I recorded. 1n 2008,...

Resume revising [ 3 Answers ]

Hello, I'm applying for a large corporation next week and I need to make sure that my resume looks its best. Can you please help me edit it? Mark Kent Education ITT Technical College

This needs revising [ 1 Answers ]

I am a new publisher with some really great books to sell. I saw your announcement in Publishers Weekly about the bookseller's show you're having this summer, and I think it's a great idea. Count me in, folks! I would like to get some space to show my books. I thought it would be a neat thing if I...

Revising W-2 form and taxes [ 1 Answers ]

Hi, I have few questions about revising my W2-form and taxes. 1. I am on H1-B. I got w2-form from my employer for the year 2006. Later in 2007 March Employer complained that the client did not pay last 2 weeks for the services I provided to a client for the past one year. I tried to...

View more questions Search