Problem 10-3A Name: Section: 13 14 Key Code: [Key code here] Instructions Answers are entered in...

   

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Problem 10-3A Name: Section: 13 14 Key Code: [Key code here] Instructions Answers are entered in the cells with gray backgrounds. 0 Cells with non-gray backgrounds are protected and cannot be edited. 11 An asterisk (*) will appear to the right of an incorrect entry. 12 15 16 17 Score: 0% 18 19 20 21 22 23 25 26 37 Rest Year. 2012 2013 2014 2015 Totals Calculations: Pr. 10-3A a. Straight- Line Depreciation Expense b. Units of Production For use with Accounting, 25e and Financial Accounting, 13e by Warren/Reeve/Duchac C. Double-Declining- Balance 4 5 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 2015 Double-declining-balance method: 2012 2013 2014 2015 Depreciable Balance Pr. 10-3A X Rate Since depreciation cannot cause book value to fall below residual value: Depreciable Balance X Residual Value Portion of Year = Yearly Depreciation Yearly Depreciation EE 10-3 456 OBJ. PE 10-3A Units-of-output depreciation A tractor acquired at a cost of $275,000 has an estimated residual value of $39,000, has an estimated useful life of 40,000 hours, and was operated 2,660 hours during the year Determine (a) the depreciable cost, (b) the depreciation rate, and (c) the units-of-outpr depreciation for the year. Problem 10-3A Name: Section: 13 14 Key Code: [Key code here] Instructions Answers are entered in the cells with gray backgrounds. 0 Cells with non-gray backgrounds are protected and cannot be edited. 11 An asterisk (*) will appear to the right of an incorrect entry. 12 15 16 17 Score: 0% 18 19 20 21 22 23 25 26 37 Rest Year. 2012 2013 2014 2015 Totals Calculations: Pr. 10-3A a. Straight- Line Depreciation Expense b. Units of Production For use with Accounting, 25e and Financial Accounting, 13e by Warren/Reeve/Duchac C. Double-Declining- Balance 4 5 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 2015 Double-declining-balance method: 2012 2013 2014 2015 Depreciable Balance Pr. 10-3A X Rate Since depreciation cannot cause book value to fall below residual value: Depreciable Balance X Residual Value Portion of Year = Yearly Depreciation Yearly Depreciation EE 10-3 456 OBJ. PE 10-3A Units-of-output depreciation A tractor acquired at a cost of $275,000 has an estimated residual value of $39,000, has an estimated useful life of 40,000 hours, and was operated 2,660 hours during the year Determine (a) the depreciable cost, (b) the depreciation rate, and (c) the units-of-outpr depreciation for the year.

Answer rating: 100% (QA)

a 236000 275000 39000 b 590 per hour 236000 40... View the full answer