Question: Calculate depreciation using all three methods for the company car given. Type of Car: Porsche Cost of Car: $78,100 Useful Life: 5 years Residual Value:

Calculate depreciation using all three methods for the company car given.

Type of Car: Porsche
Cost of Car: $78,100
Useful Life: 5 years
Residual Value: $3,100
Estimated Miles: 100,000
Miles by Year:
Year 1: 28,000
Year 2: 35,000
Year 3: 25,000
Year 4: 12,000
STRAIGHT-LINE DEPRECIATION
Depreciation Accumulated Carrying
Expense Depreciation Value
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
DOUBLE DECLINING BALANCE
Depreciation Accumulated Carrying
Expense Depreciation Value
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
UNITS OF PRODUCTION METHOD
Depreciation Accumulated Carrying
Expense Depreciation Value
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7

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