Double-declining-balance depreciation method

Reference no: EM131132697

At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12.6 million. $9.6 million of the purchase price was allocated to the building. Depreciation for 2014 and 2015 was calculated using the straight-line method, a 25-year useful life, and a $1.6 million residual value. In 2016 the company switched to the double-declining-balance depreciation method. What is depreciation on the building for 2016?

Reference no: EM131132697

Questions Cloud

Boscan corporation purchased machinery : Boscan Corporation purchased machinery on January 1, 2014, at a cost of $326,000. The estimated useful life of the machinery is 4 years, with an estimated salvage value at the end of that period of $27,400. The company is considering different dep..

Uses an activityminus based costing system : Brannon Company manufactures ceiling fans and uses an activityminus based costing system. Each ceiling fan consists of 30 separate parts. The direct material cost is $ 75 and each ceiling fan requires 3.5 hours of machine time to manufacture. Add..

Explain differences between primary and secondary sources : Identify a type of resource for your Final Research Project topic that would be considered a primary source and one that might be a secondary source, and explain why they fit in those categories.

Compute monthly flexible budget for each increment of sale : Prepare a monthly flexible budget for each $10,000 increment of sales within the relevant range for the year ending December 31, 2014.

Double-declining-balance depreciation method : At the beginning of 2014, Robotics Inc. acquired a manufacturing facility for $12.6 million. $9.6 million of the purchase price was allocated to the building. Depreciation for 2014 and 2015 was calculated using the straight-line method, a 25-year ..

Discuss sleep hygiene techniques : What has the chapter taught you about your sleep pattern (whether healthy or dysfunctional), and what steps help contribute to good sleep? Discuss sleep hygiene techniques. How would you help a client with a common sleep disorder such as insomni..

Determine the economic order quantity : Determine the economic order quantity (EOQ) for spares inventory replenishment when the cost per unit is $100; the cost of preparing for a shipment and sending a truck to the warehouse is $25; the estimated cost of managing an item in the inventor..

Find for the tangential speed of the puck : What will Jadon and Sylvia find for the tangential speed of the puck?

One fourth in cash and the other three fourths : When a company buys equipment for $151,000 and pays for one fourth in cash and the other three fourths is financed by a note payable, which of the following are the effects on the accounting equation?

User Account

All Pages