Question: 01 . You may wish to prepare separate table as needed for each method, at below Straight line depreciation (Cost-salvage valuel/useful life Hint Depreciation amount

 01 . You may wish to prepare separate table as needed

01 . You may wish to prepare separate table as needed for each method, at below Straight line depreciation (Cost-salvage valuel/useful life Hint Depreciation amount for straight line will be the same each year Calculate 1 ACC 220-2A Name: 2 Amachine contine $257,500 with a four-year life and an estimated $20,000 salvage valusisittalad in Luther Company tictory on January 1. The factory manager 4 estinates themathint will produce 475,000 units of product during its life tocally produces the following units 220.000 in the year, 124,600 in the 2nd year, 121,800 in the Ird year. 8,600 in the 4th year Preparatie with heading for schmethod of relation computed for each year Units of production: Step 1: Compute depreciation per unit (Cost salvage valvel/tot units of production Calculate Sep 2Depreciation expense Depreciation per unit x units produced in period Depreciation Your Units per unit Depreciation 1 2 3 Streicht in Units Production Double declinin balance 10 Year 11 1 12 2 3 4 11 Total 18 12 18 4 30 11 Double declinin biance Step where 100%/ ul Cat Step 2 Multiply the the linerale Calculate Step 3 Multiply Bralex beginnine period book value Reminder book value is way original cost accumulated depreciation Reminder ook value cannot go below salvapevalueet their depreciation) FleminderYou may round depreciation amounts to whaledollars) Beginning Accumulated Year Bok value Fate Depreciation Depreciation Book value 1 2 3 4 14 26 27 29 10

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!