Instructions

For each of the following plant assets:

1. calculate the amount to be depreciated,

2. calculate the annual depreciation expense using the straight-line method,

3. calculate the depreciation expense for the first year.

Use the form provided in your working papers.

Transcribed Image Text:

Plant Asset 1. Cash register 2. Computer 3. Conference table 4. Delivery truck 5. Desk Months Owned First Year 8 2631 Original Cost $ 450 6,500 1,900 36,400 3,180 Estimated Disposal Value $ 30 1,500 100 6,400 300 Estimated Useful Life 7 years 5 years 25 years 5 years 20 years