Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. pedro company has $188,500 of machinery being depr

Pedro Company has $188,500 of machinery being depreciated over 5 years. There is no estimable...

80.2K

Verified Solution

Question

Accounting

Pedro Company has $188,500 of machinery being depreciated over 5 years. There is no estimable residual value after that. After taking 2 years depreciation, Pedro realizes the equipment is clearly going to last another 4 years and the estimated residual value remains unchanged.
Required 1: What depreciation expense will Pedro record in year 2 when using the straight line method? $
Required 2: What depreciation expense will Pedro record in year 3 when using the straight line method? $
Required 3: What depreciation expense will Pedro record in year 2 when using the declining balance method? $
Required 4: What depreciation expense will Pedro record in year 3 when using the declining balance method? $
Required 5: What depreciation expense will Pedro record in year 2 when using the double declining balance method? $
Required 6: What depreciation expense will Pedro record in year 3 when using the double declining balance method? $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students