Voice Genesis, Inc uses the units-of-production method of depreciation. Electronic equipment costing 82,300 has 60,00 . estimated hours of operation and an estimated scrap value of 2,500 . It operated 20,00 . hours in the first year. Compute the depreciation expense for the first year.
Q. 2Bob and Mary start traveling toward each other from 480 miles apart, each moving at the same speed. They meet after four hours. How fast were they each traveling?
Q. 3Michigan Manufacturing uses the straight-line method of depreciation. A large fork-lift was purchased for 62,500 . It has an estimated life of five years and an estimated scrap value of 2,500 . Compute the book value at the end of the first year.
Q. 4Bob and Mary start traveling toward each other from 825 miles apart. Bob is traveling at 35 miles per hour and Mary at 40 miles per hour. Compute the distance Bob will travel before they meet.
Q. 5Michigan Manufacturing uses the straight-line method of depreciation. A large fork-lift was purchased for 62,500 . It has an estimated life of five years and an estimated scrap value of 2,500 . Compute the annual depreciation amount.
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