ACC 304 All Assignments ACC 304 All Assignments | Page 165
Accumulated depreciation to date
2,248,000
Expected future net cash flows
Fair value
15,736,000
10,790,400
Suarez intends to dispose of the equipment in the coming year. It is
expected that the cost of disposal will be $ 44,960 . As of December 31,
2014, the equipment has a remaining useful life of 4 years.
20) The following data relate to the Machinery account of Eshkol, Inc.
at December 31, 2014.
Machinery
A
Original cost
$188,800
B
C
D
$108,560
$188,800
Year purchased
2013
$120,360
2009
Useful life
10 years 10 years
Salvage value
$11,800 $7,316
2010
2011
15,000 hours
$7,080
15 years
$11,800
Depreciation method
Sum-of-the-years'-digits
Activity
Straight-line
Double-declining balance