Compute the book value and the balance

Feb 24th, 2015
Price: $10 USD

Question description

The Remove-U-Tattoo Clinic purchased a surgical laser for $84,000 on January 1, 2014.  The estimated salvage value is $4,000.  The laser has a useful life of five years and the clinic expects to use it 10,000 hours. 

It was used for 900 hours in 2014; 2,100 hours in 2015; 2,400 hours in 2016. 


Showing all of your computations, compute the book value and the balance in the Accumulated Depreciation Account for December 31, 2015 under each of the following three methods after the depreciation for 2015 has been recorded:   

(1)  Straight-line: 

2015 accumulated depreciation ____________________ 

     2015 book value ____________________ 

(2)  Units-of-activity: 

     2015 accumulated depreciation ____________________   

  2015 book value ____________________ 

(3)  Double-declining balance: 

2015 accumulated depreciation ____________________

2015 book value ____________________

Tutor Answer

(Top Tutor) Daniel C.
School: University of Maryland

Studypool has helped 1,244,100 students

Review from our student for this Answer

Feb 25th, 2015
"excellent work as always thanks for the help"
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors