Question 1

Find the annual amount of depreciation using the units-of-production method. Round to the nearest dollar.
-Depreciation per unit: $0.06
Units of production: 237,000

Accepted Answer

A) $14,220 
B) $39,500 
C) $1,422 
D) $395,000 
A) $14,220 
B) $39,500 
C) $1,422 
D) $395,000

Question 2

Find the book value to the nearest dollar.
-Cost $7,030, life 2 years, scrap value $633 at the end of 1 year using double-declining balance
Method

Accepted Answer

A) $633 
B) $0 
C) $3,515 
D) $3,832 
A) $633 
B) $0 
C) $3,515 
D) $3,832

Question 3

Find the sum-of-the-years'-digits depreciation fraction for the first year.
-30 years

Accepted Answer

A)    
B)    
C)    
D)    
A)    
B)    
C)    
D)

Question 4

Use the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar.
-Scot Cleaners bought a new trouser press for $7,500 and estimates its life at 4 years at which time
The salvage value is expected to be $750. Find the amount of depreciation each year.

Accepted Answer

A) $3,750, $1,875, $938, $188 
B) $2,700, $2,025, $1,350, $675 
C) $3,000, $2,250, $1,500, $750 
D) $1,688, $1,688, $1,688, $1,688 
A) $3,750, $1,875, $938, $188 
B) $2,700, $2,025, $1,350, $675 
C) $3,000, $2,250, $1,500, $750 
D) $1,688, $1,688, $1,688, $1,688

Question 5

Provide an appropriate response.
-Describe in your own words the conditions under which the units-of-production method of depreciation is most applicable.

Accepted Answer

The units-of-production method of deprec

Question 6

Find the first year's depreciation using the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar.
-

Accepted Answer

A) $14,500 
B) $24,857 
C) $21,571 
D) $65,143 
A) $14,500 
B) $24,857 
C) $21,571 
D) $65,143

Question 7

Solve the problem.
-A printing press cost $47,100 and has an estimated life of 11 years and a scrap value of $5,652. Find
The total depreciation at the end of 2 years using the straight-line method. Round to nearest dollar.

Accepted Answer

A) $43,332 
B) $38,536 
C) $39,564 
D) $7,536 
A) $43,332 
B) $38,536 
C) $39,564 
D) $7,536

Question 8

Use the MACRS depreciation rates table to find the recovery percent (rate), given the recovery year and recovery period.  
-Recovery year: 5
Recovery period: 10-year

Accepted Answer

A) 11.52% 
B) 9.22% 
C) 5.713% 
D) 8.93% 
A) 11.52% 
B) 9.22% 
C) 5.713% 
D) 8.93%

Question 9

Use the double-declining-balance method of depreciation. Round to the nearest dollar.
-Royal Oaks Golf Course buys a tractor for $8,900 and estimates the life at 8 years with a scrap value
Of $890. What is its book value at the end of the fourth year?

Accepted Answer

A) $4,005 
B) $2,816 
C) $2,534 
D) $890 
A) $4,005 
B) $2,816 
C) $2,534 
D) $890

Question 10

Find the first year's depreciation using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar.  
-Cost: $402,500
Period: 27.5-year

Accepted Answer

A) $15,094 
B) $14,027 
C) $1,402,713 
D) $14,611 
A) $15,094 
B) $14,027 
C) $1,402,713 
D) $14,611

Question 11

Find the first year's depreciation using the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar.
-

Accepted Answer

A) $8,750 
B) $54,444 
C) $61,250 
D) $15,556 
A) $8,750 
B) $54,444 
C) $61,250 
D) $15,556

Question 12

Find the first year's depreciation using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar.  
-Cost: $90,500
Period: 20-year

Accepted Answer

A) $6,533 
B) $1,645 
C) $3,394 
D) $9,050 
A) $6,533 
B) $1,645 
C) $3,394 
D) $9,050

Question 13

Find the depreciation per unit. Round to the nearest cent.
-Cost: $6,600
Salvage: $500
Est. Life: 21,000 units

Accepted Answer

A) $3.10 
B) $2.90 
C) $0.29 
D) $0.31 
A) $3.10 
B) $2.90 
C) $0.29 
D) $0.31

Question 14

Use the MACRS depreciation rates table to find the recovery percent (rate), given the recovery year and recovery period.  
-Recovery year: 8
Recovery period: 27.5-year

Accepted Answer

A) 3.636% 
B) 6.177% 
C) 3.637% 
D) 1.818% 
A) 3.636% 
B) 6.177% 
C) 3.637% 
D) 1.818%

Question 15

Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar.
-Find the book value at the end of 5 years.
Cost: $77,500
Estimated life: 50 years
Estimated scrap value: $4,650

Accepted Answer

A) $76,043 
B) $7,285 
C) $70,215 
D) $69,750 
A) $76,043 
B) $7,285 
C) $70,215 
D) $69,750

Question 16

Use the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar.
-Find the book value at the end of the third year for a service van which cost $16,000, has a life of 8
Years, and an estimated scrap value of $1,600.

Accepted Answer

A) $7,600 
B) $10,000 
C) $8,400 
D) $6,000 
A) $7,600 
B) $10,000 
C) $8,400 
D) $6,000

Question 17

Find the annual amount of depreciation using the straight-line method. Round to the nearest dollar.
-Cost: $37,000
Estimated life: 25 years
Estimated scrap value: None

Accepted Answer

A) $3,700 
B) $1,480 
C) $9,250 
D) $500 
A) $3,700 
B) $1,480 
C) $9,250 
D) $500

Question 18

Find the annual amount of depreciation using the units-of-production method. Round to the nearest dollar.
-Depreciation per unit: $0.09
Units of production: 214,000

Accepted Answer

A) $19,260 
B) $237,778 
C) $23,778 
D) $1,926 
A) $19,260 
B) $237,778 
C) $23,778 
D) $1,926

Question 19

Find the book value using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar.  
-Cost: $167,000
Recovery Period: 7-year
After: Fourth year

Accepted Answer

A) $76,954 
B) $48,096 
C) $20,858 
D) $52,171 
A) $76,954 
B) $48,096 
C) $20,858 
D) $52,171

Question 20

Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar.
-Find the book value at the end of 4 years.
Cost: $39,000
Estimated life: 9 years
Estimated scrap value: $5,100

Accepted Answer

A) $15,067 
B) $23,933 
C) $31,467 
D) $21,667 
A) $15,067 
B) $23,933 
C) $31,467 
D) $21,667

Find the annual amount of depreciation using the units-of-production method. Round to the nearest dollar. -Depreciation per unit: $0.06 Units of production: 237,000

Find the book value to the nearest dollar. -Cost $7,030, life 2 years, scrap value $633 at the end of 1 year using double-declining balance Method

Find the sum-of-the-years'-digits depreciation fraction for the first year. -30 years

Use the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -Scot Cleaners bought a new trouser press for $7,500 and estimates its life at 4 years at which time The salvage value is expected to be $750. Find the amount of depreciation each year.

Provide an appropriate response. -Describe in your own words the conditions under which the units-of-production method of depreciation is most applicable.

Find the first year's depreciation using the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -

Solve the problem. -A printing press cost $47,100 and has an estimated life of 11 years and a scrap value of $5,652. Find The total depreciation at the end of 2 years using the straight-line method. Round to nearest dollar.

Use the MACRS depreciation rates table to find the recovery percent (rate), given the recovery year and recovery period. -Recovery year: 5 Recovery period: 10-year

Use the double-declining-balance method of depreciation. Round to the nearest dollar. -Royal Oaks Golf Course buys a tractor for $8,900 and estimates the life at 8 years with a scrap value Of $890. What is its book value at the end of the fourth year?

Find the first year's depreciation using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar. -Cost: $402,500 Period: 27.5-year

Find the first year's depreciation using the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -

Find the first year's depreciation using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar. -Cost: $90,500 Period: 20-year

Find the depreciation per unit. Round to the nearest cent. -Cost: $6,600 Salvage: $500 Est. Life: 21,000 units

Use the MACRS depreciation rates table to find the recovery percent (rate), given the recovery year and recovery period. -Recovery year: 8 Recovery period: 27.5-year

Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar. -Find the book value at the end of 5 years. Cost: $77,500 Estimated life: 50 years Estimated scrap value: $4,650

Use the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -Find the book value at the end of the third year for a service van which cost $16,000, has a life of 8 Years, and an estimated scrap value of $1,600.

Find the annual amount of depreciation using the straight-line method. Round to the nearest dollar. -Cost: $37,000 Estimated life: 25 years Estimated scrap value: None

Find the annual amount of depreciation using the units-of-production method. Round to the nearest dollar. -Depreciation per unit: $0.09 Units of production: 214,000

Find the book value using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar. -Cost: $167,000 Recovery Period: 7-year After: Fourth year

Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar. -Find the book value at the end of 4 years. Cost: $39,000 Estimated life: 9 years Estimated scrap value: $5,100

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Exam 14: Depreciation

Find the annual amount of depreciation using the units-of-production method. Round to the nearest dollar. -Depreciation per unit: $0.06 Units of production: 237,000

Find the book value to the nearest dollar. -Cost $7,030, life 2 years, scrap value $633 at the end of 1 year using double-declining balance Method

Find the sum-of-the-years'-digits depreciation fraction for the first year. -30 years

Use the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -Scot Cleaners bought a new trouser press for $7,500 and estimates its life at 4 years at which time The salvage value is expected to be $750. Find the amount of depreciation each year.

Provide an appropriate response. -Describe in your own words the conditions under which the units-of-production method of depreciation is most applicable.

Find the first year's depreciation using the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -

Solve the problem. -A printing press cost $47,100 and has an estimated life of 11 years and a scrap value of $5,652. Find The total depreciation at the end of 2 years using the straight-line method. Round to nearest dollar.

Use the MACRS depreciation rates table to find the recovery percent (rate), given the recovery year and recovery period. -Recovery year: 5 Recovery period: 10-year

Use the double-declining-balance method of depreciation. Round to the nearest dollar. -Royal Oaks Golf Course buys a tractor for $8,900 and estimates the life at 8 years with a scrap value Of $890. What is its book value at the end of the fourth year?

Find the first year's depreciation using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar. -Cost: $402,500 Period: 27.5-year

Find the first year's depreciation using the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -

Find the first year's depreciation using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar. -Cost: $90,500 Period: 20-year

Find the depreciation per unit. Round to the nearest cent. -Cost: $6,600 Salvage: $500 Est. Life: 21,000 units

Use the MACRS depreciation rates table to find the recovery percent (rate), given the recovery year and recovery period. -Recovery year: 8 Recovery period: 27.5-year

Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar. -Find the book value at the end of 5 years. Cost: $77,500 Estimated life: 50 years Estimated scrap value: $4,650

Use the sum-of-the-years'-digits method of depreciation. Round to the nearest dollar. -Find the book value at the end of the third year for a service van which cost $16,000, has a life of 8 Years, and an estimated scrap value of $1,600.

Find the annual amount of depreciation using the straight-line method. Round to the nearest dollar. -Cost: $37,000 Estimated life: 25 years Estimated scrap value: None

Find the annual amount of depreciation using the units-of-production method. Round to the nearest dollar. -Depreciation per unit: $0.09 Units of production: 214,000

Find the book value using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar. -Cost: $167,000 Recovery Period: 7-year After: Fourth year

Find the book value after the given number of years, using the straight-line method. Round your answer to the nearest dollar. -Find the book value at the end of 4 years. Cost: $39,000 Estimated life: 9 years Estimated scrap value: $5,100

Whole Numbers and Decimals

Fractions

Percents

Equations and Formulas

Bank Services

Payroll

Mathematics of Buying

Mathematics of Selling

Simple Interest

Compound Interest and Inflation

Annuities, Stocks, and Bonds

Business and Consumer Loans

Taxes and Insurance

Financial Statements and Ratios

Budgeting and Business Statistics

Filters