Nikhil Manufacturing Company constructed a factory for $500,000 on January 1, 2018. The factory was estimated...

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Nikhil Manufacturing Company constructed a factory for $500,000 on January 1, 2018. The factory was estimated to have a useful life of 20 years, and a salvage value of $50,000. On January 1, 2020, the company installed a new roof for $21,500, which was capitalized, and changed the total estimated useful life of the factory from 20 to 25 years. Assume the company uses the straight-line depreciation method, and that the estimated salvage value remains unchanged at $50,000. What is the company's depreciation expense for the year ending on December 31, 2020? 17. A. $18,543 B. $15,500 C. $16,000 D. $11,654 Ballou Company purchased a machine on January 1, 2017, for $18,000 cash. The machine has an estimated useful life of four years and a salvage value of $4,700. The company uses the double-declining-balance method of depreciation for all its assets. What will be the machine's book value as of January 1, 2019? 18. A. $5,100 B. $4,700 C. $4,500 D. $4,300 Nikhil Manufacturing Company constructed a factory for $500,000 on January 1, 2018. The factory was estimated to have a useful life of 20 years, and a salvage value of $50,000. On January 1, 2020, the company installed a new roof for $21,500, which was capitalized, and changed the total estimated useful life of the factory from 20 to 25 years. Assume the company uses the straight-line depreciation method, and that the estimated salvage value remains unchanged at $50,000. What is the company's depreciation expense for the year ending on December 31, 2020? 17. A. $18,543 B. $15,500 C. $16,000 D. $11,654 Ballou Company purchased a machine on January 1, 2017, for $18,000 cash. The machine has an estimated useful life of four years and a salvage value of $4,700. The company uses the double-declining-balance method of depreciation for all its assets. What will be the machine's book value as of January 1, 2019? 18. A. $5,100 B. $4,700 C. $4,500 D. $4,300

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17 Companies Depreciation expenses for year ending 31 Dec 2020 A 18543 Calculation of Depreciation u... View the full answer