题目
题目

MSB-250-300-002 Topic 12 Quiz

单项选择题

Suppose an asset with an initial book value of $250,000 is depreciated via the straight-line method over 7 years to a salvage value of $5,000. What is the depreciation expense in year 3?

选项
A.$35,000
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标准答案
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思路分析
First, identify the depreciation base and the annual expense. The asset cost is 250,000 and the salvage value is 5,000, so the depreciable base is 250,000 − 5,000 = 245,000. The straight-line method spreads this evenly over the 7-year useful life, so annual depreciation is 24......Login to view full explanation

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JOHNSON LIFTS- Part 1 of 8 Johnson Lifts is another elevator-manufacturing firm based in Lethbridge, Alberta. On January 1, 2020, Johnson Lifts purchased the same gear machine for its own plant from Montanari Giulio. The final acquisition cost for Johnson for the machine is  $144,000. The CEO of Johnson lifts estimates the useful life of the machine to be 12 years and the salvage value to be $21,000. The financial year-end of the company is December 31st. Answer the following based on the above information on Johnson Lifts. The CEO is calculating the machine’s depreciation expenses assuming that the company chooses the straight-line depreciation method.  Do not use symbols like $ or %, or text such as million, in your answers.  Round to two decimal points.  What is the accumulated depreciation using the straight-line depreciation method at the end of 2023, after recognizing depreciation for 2023?  

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