Cost 4500 Estimated life 5 years Estimated scrap value 700 Select one a 3740 b

Cost 4500 estimated life 5 years estimated scrap

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Cost: $4500 Estimated life: 5 years Estimated scrap value: $700
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Select one: a. $3740 b. $2980 c. $3600 d. $760 7- Solve the problem. Round to the nearest dollar. Rainbow Ice Cream bought a frozen custard maker that cost $6500. The expected life is 6000 hours of production with a salvage value of $650. Find the book value at the end of the third year. Use the units-of-production method of depreciation given the following production schedule. Year 1 1530 hours
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Year 2 1650 hours Year 3 1290 hours Select one: a. $2119 b. $4381 c. $1469 d. $1657 8- Solve the problem. Round to the nearest dollar. Central Street bought a rolling machine that cost $76,000. The expected life is 700,000 hours of production with a
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salvage value of $7600. Find the book value at the end of the third year. Use the units-of-production method of depreciation given the following production schedule. Year 1 175,000 hours Year 2 171,000 hours Year 3 164,000 hours Select one: a. $51,000 b. $25,000 c. $20,629 d. $17,400
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9- Find the annual straight-line rate of depreciation for the estimated life. 50 years Select one: a. 0.2% b. 1.0% c. 2.0% d. 50% 10- Find the amount paid by each of the multiple carriers. The Hamilton Race Track had a fire loss of $319,000. They had insurance as follows: company A $250,000, company B,
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$200,000 ; and company C, $50,000. Find the amount paid by each carrier. Assume the coinsurance requirement is met. Select one: a. A pays: $127,600 B pays: $127,600 C pays: $63,800 b. A pays: $319,000 B pays: $0 C pays: $0 c. A pays: $159,500
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B pays: $106,333 C pays: $53,167 d. A pays: $159,500 B pays: $127,600 C pays: $31,900
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