Franklin Corporation bought equipment on January 1, 2020. The equipment cost $150,000 and had an expected residual value of $30,000. The life of the equipment was estimated to be 6 years. The depreciable amount of the equipment isSelect answer from the options below$30,000$180,000$150,000.$120,000.

A business bought equipment on January 1, 2022. The equipment cost Sh 180,000 and had an expected salvage value of Sh 30,000. The life of the equipment was estimated to be 6 years. The depreciable cost of the equipment is A. Sh 25,000 B. Sh 150,000 C. Sh 180,000 D. Sh 100,000

On 1 January 2013, Zane Manufacturing Company purchased a machine for $40 000. The company expects to use the machine a total of 24 000 hours over the next 6 years. The estimated sales price of the machine at the end of 6 years is $4 000. The company used the machine 8 000 hours in 2013 and 12 000 in 2014.

A company sold equipment that originally cost $180,000 for $144,000 cash. The accumulated depreciation on the equipment was $36,000. The company should recognize a:Multiple Choice$36,000 loss.$18,000 loss.$144,000 gain.$18,000 gain.$0 gain or loss.

A company purchased equipment valued at $259,000. It traded in old equipment for a $114,000 trade-in allowance and the company paid $145,000 cash with the trade-in. The old equipment cost $240,000 and had accumulated depreciation of $144,000. This transaction has commercial substance. What is the recorded value of the new equipment?Multiple Choice$114,000.$259,000.$145,000.$241,000.$96,000.

A company purchases a machine for $10,000. The estimated residual value is $4,000, and the estimated service life is 4 years or 10,000 units. The company uses the straight-line method of depreciation. The depreciable cost of the asset is:Multiple Choice$6,000$10,000$1,000$1,500