Reference no: EM132319481
Question
In 1990, Sage Company completed the construction of a building at a cost of $2,020,000 and first occupied it in January 1991. It was estimated that the building will have a useful life of 40 years and a salvage value of $60,600 at the end of that time.
Early in 2001, an addition to the building was constructed at a cost of $505,000. At that time, it was estimated that the remaining life of the building would be, as originally estimated, an additional 30 years, and that the addition would have a life of 30 years and a salvage value of $20,200.
In 2019, it is determined that the probable life of the building and addition will extend to the end of 2050, or 20 years beyond the original estimate.
Using the straight-line method, compute the annual depreciation that would have been charged from 1991 through 2000.
Annual depreciation from 1991 through 200
Compute the annual depreciation that would have been charged from 2001 through 2018.
Annual depreciation from 2001 through 2018
Prepare the entry, if necessary, to adjust the account balances because of the revision of the estimated life in 2019. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Compute the annual depreciation to be charged, beginning with 2019. (Round answer to 0 decimal places, e.g. 45,892.)
Annual depreciation expense-building
|
Prepare the journal entries to record the exchange
: Shamrock Company exchanged equipment used in its manufacturing operations plus $3,840 in cash for similar equipment used in the operations of Bridgeport.
|
|
Different functional departments such as finance
: How will your budget allocation for different functional departments such as finance, marketing , human resources, traing and deveopment operationsm?
|
|
Management and sdlc focuses on it infrastructure
: Take what you learn from it as well as your own reading and what is a process for adjusting real time Operational Reporting. For example, who would be involved?
|
|
How do marketers strategically plan to market products to me
: How do marketers strategically plan to market these products to me? Why does the price of this product seem to be of equal value for the satisfaction.
|
|
Compute the annual depreciation to be charged
: In 1990, Sage Company completed the construction of a building at a cost of $2,020,000 and first occupied it in January 1991.
|
|
Describe the negative customer service interaction
: Describe the negative customer service interaction and the outcome of that interaction.
|
|
Create a cause marketing campaign for your idea
: What is the marketing reason for implementing this campaign? Are you trying to keep existing customers, steal from your competitors, or make your employees feel
|
|
What is the potential of biomimicry
: What is the potential of biomimicry? What distinguishes ritual estate from real estate? Identify two traits. What is voluntary (or frugal) simplicity?
|
|
Problem-solving ability as a criterion for hiring
: Incidentally, do you think that Musk's reliance on problem-solving ability as a criterion for hiring would be helpful, or harmful, to new graduates?
|