Question : 41.Using the double-declining balance method, the book value at December : 1236218

41.Using the double-declining balance method, the book value at December 31, 2013 would be:
A.$21,600.
B.$24,800.
C.$36,000.
D.$45,600.

42.A machine has a cost of $15,000, an estimated residual value of $3,000, and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. At the end of the second year, what amount will be reported for accumulated depreciation?
A.$9,000.
B.$6,000.
C.$7,500.
D.$3,000.

43.A building was purchased for $50,000. The asset has an expected useful life of 6 years and depreciation expense each year is $8,000 using the straight-line method. What is the residual value of the building?
A.$0.
B.$2,000.
C.$4,000.
D.$6,000.

44.Bricker Enterprises purchased a machine for $100,000 on October 1, 2012. The estimated service life is ten years with a $10,000 residual value. Bricker records partial-year depreciation based on the number of months in service. Depreciation expense for 2012, using straight-line, is:
A.$1,500.
B.$7,500.
C.$2,250.
D.$2,500.

45.Schager Company purchased a computer system on January 1, 2012, at a cost of $40,000. The estimated useful life is 10 years, and the estimated residual value is $5,000. Assuming the company will use the double-declining-balance method, what is the depreciation expense for the second year?
A.$8,000.
B.$7,000.
C.$5,600.
D.$6,400.

46.Shasta Exploring purchases a piece of equipment on January 1, 2012, for $50,000 and the equipment has an expected useful life of five years. Its residual value is estimated to be $4,000. Assuming Shasta uses the double-declining balance depreciation method, what is the depreciation expense for the equipment for 2013?
A.$9,200.
B.$9,040.
C.$12,000.
D.$11,040.

47.During 2012 and 2013, Supplies, Inc. drove the truck 15,000 and 22,000 miles, respectively, to deliver merchandise to its customers. The company originally purchased the truck at the beginning of 2012 for $175,000. If the truck has an estimated life of 10 years and 300,000 miles, with an estimated residual value of $25,000, what amount of depreciation expense should Supplies, Inc. record in 2013 using the activity method?
A.$11,000.
B.$18,500.
C.$7,500.
D.$16,000.

48.Crestview Estates purchased a tractor on January 1, 2012, for $65,000. The tractor’s useful life is estimated to be 30,000 miles and has a residual value of $5,000. If Crestview used the tractor 5,000 miles in 2012 and 3,000 miles in 2013, what is the balance for accumulated depreciation at the end of 2013 using the activity method?
A.$38,000.
B.$6,000.
C.$16,000.
D.$10,000.

49.Nanki Corporation purchased equipment at the beginning of 2012 for $650,000. In 2012 and 2013, Nanki depreciated the asset on a straight-line basis with an estimated useful life of 8 years and a $10,000 residual value. In 2014, due to changes in technology, Nanki revised the useful life to a total of six years (four more years) with zero residual value. What depreciation expense would Nanki record for the year 2014 on this equipment?
A.$108,333.
B.$106,667.
C.$122,500.
D.$81,667.

50.Which of the following intangible assets is not amortized?
A.Patents.
B.Copyrights.
C.Franchises.
D.Goodwill.