Question: Check your worksheet setup and formulas by changing the Original Cost to $ 1 0 0 , 0 0 0 , the Estimated Residual Value

 Check your worksheet setup and formulas by changing the Original Cost

Check your worksheet setup and formulas by changing the Original Cost to $100,000, the Estimated Residual Value to $25,000, the Estimated Useful Years to 8, and the Estimated Units to 15,000.
You should now have a Year 3 journal entry for Depreciation Expense in the amount of $9,375 for the Straight-line method, $14,063 for the Double-Declining-Balance Method, and $11,000 for the Activity-Based method. (Note, the asset will not fully depreciate under the Activity-based and SL methods when testing the changes.)
If you do not get this answer, review your worksheet and the formulas you used.
to $100,000, the Estimated Residual Value to $25,000, the Estimated Useful Years

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