19) Presented below is information related to equipment owned by Suarez Company at December 31, 2014.
Cost $ 20,232,000 Accumulated depreciation to date 2,248,000 Expected future net cash flows 15,736,000 Fair value 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 B C D
Original cost |
$ 108,560 |
$ 120,360 |
$ 188,800 |
$ 188,800 |
|
Year purchased 2009 2010 2011 2013
Useful life |
10 years |
15,000 hours |
15 years |
10 years |
|
Salvage value |
$ 7,316 |
$ 7,080 |
$ 11,800 |
$ 11,800 |
|
|
|