Kingbird AG purchased a new plant asset on April 1, 2022, at a cost of 954,000....
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Kingbird AG purchased a new plant asset on April 1, 2022, at a cost of €954,000. It was estimated to have a service life of 20 years and a residual value of €78,720. Kingbird' accounting period is the calendar year. (a) Your Answer Correct Answer Compute the depreciation for this asset for 2022 and 2023 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892.) (b) Your answer is correct. Depreciation for 2022 € Depreciation for 2023 € eTextbook and Media Solution * Your answer is incorrect. Depreciation for 2022 T- Compute the depreciation for this asset for 2022 and 2023 using the double-declining-balance method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2023 € € JNA- 62,520 80,234 95400 Attempts: 2 of 2 used 85860 Kingbird AG purchased a new plant asset on April 1, 2022, at a cost of €954,000. It was estimated to have a service life of 20 years and a residual value of €78,720. Kingbird' accounting period is the calendar year. (a) Your Answer Correct Answer Compute the depreciation for this asset for 2022 and 2023 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892.) (b) Your answer is correct. Depreciation for 2022 € Depreciation for 2023 € eTextbook and Media Solution * Your answer is incorrect. Depreciation for 2022 T- Compute the depreciation for this asset for 2022 and 2023 using the double-declining-balance method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2023 € € JNA- 62,520 80,234 95400 Attempts: 2 of 2 used 85860 Kingbird AG purchased a new plant asset on April 1, 2022, at a cost of €954,000. It was estimated to have a service life of 20 years and a residual value of €78,720. Kingbird' accounting period is the calendar year. (a) Your Answer Correct Answer Compute the depreciation for this asset for 2022 and 2023 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892.) (b) Your answer is correct. Depreciation for 2022 € Depreciation for 2023 € eTextbook and Media Solution * Your answer is incorrect. Depreciation for 2022 T- Compute the depreciation for this asset for 2022 and 2023 using the double-declining-balance method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2023 € € JNA- 62,520 80,234 95400 Attempts: 2 of 2 used 85860 Kingbird AG purchased a new plant asset on April 1, 2022, at a cost of €954,000. It was estimated to have a service life of 20 years and a residual value of €78,720. Kingbird' accounting period is the calendar year. (a) Your Answer Correct Answer Compute the depreciation for this asset for 2022 and 2023 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892.) (b) Your answer is correct. Depreciation for 2022 € Depreciation for 2023 € eTextbook and Media Solution * Your answer is incorrect. Depreciation for 2022 T- Compute the depreciation for this asset for 2022 and 2023 using the double-declining-balance method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2023 € € JNA- 62,520 80,234 95400 Attempts: 2 of 2 used 85860
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2022 Depreciation expense for 2022 Depreciation expense295400010020912 7... View the full answer
Related Book For
South Western Federal Taxation 2020 Corporations, Partnerships, Estates and Trusts
ISBN: 9780357109168
43rd edition
Authors: William A. Raabe, James C. Young, William H. Hoffman, Annette Nellen, David M. Maloney
Posted Date:
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