Complete the table for the year ended December 31, 2027 Description Date Purchased cost salvage value Life
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Question:
Complete the table for the year ended December 31, 2027
Description | Date Purchased | cost | salvage value | Life in Years | Depreciation Method | Accumulated Depreciation to 12/31/26 | Depreciation for 2027 |
Machine A | 2/12/25 | $158,200 | $18,500 | 10 | Sum of Years Digits | $36,830 | (a) |
Machine B | 8/15/24 | (c) | 23,310 | 5 | SL | 32,190 | (b) |
Machine C | 7/21/23 | 89,600 | 25,000 | 8 | DDB | (d) | (e) |
Machine D | 10/15/25 | 243,090 | 243,090 | 5 | SYD | 77,700 | (f) |
A. What is the sum of year digits for 2027?
B. What is the straight-line method balance for machine B 2027?
c. What is the cost of machine B?
D. and E. what is the accumulated deprecation and depreciation of machine C using double declining method?
F. What is the sum of year digits depreciation for 2027 for machine D?
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
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