Ch 9 Problem 31 Depreciation View AutoSaveFF AES Home Insert Draw Page Layout Arial 2 Peste 3 BIUR O cui x fx 20000 Formulas A A WA Data = = Review = = Share Comments EED E27-O 43 Wraa Text Merge & Center Number $ % O -93 Conditional Format Formatting as Table Cell Styles Insert Delete Format Sort Sort Filter X Find & Find & Select Ideas 1 Lone Star Industries purchased the following items of equipment, with the 2 following purchase information. Machine Blean ore crushing machine. 3 it is able to crush 100.000 taris of ore before it needs to be replaced. 4 Production in Year 1 was 5,000 tons, and was 25,000 tons in Year 2 Machine Machine Machine 8 Date Acquired 1/1/15 10/1/15 6/1/15 10 Cost of the Asset 11 Delivery Freight 12 Installation Cost 10,000 4DD 853 382.000 20.000 19,053 23,400 260 1,800 5 years 6 years 14 Useful Life 15 Residual Value = 5% of Cost 17 Method of Depreciation Straight Line Units of Production Double Declining Balance 20 Calculate the Depreciable cost 21 22 Calculate the Depreciation for 23 the first year of operation 24 Calculate the Depreciation for 25 the second year of operation 27 use the space below for your calculations, round amounts to the nearest whale dallar 29 41 Sheet1 + # E 2 - + 100%