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The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January 1 The founder wants to know the implications of different depreciation methods and estimates for the company's financial statements Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following Tableau Dashboard The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January The founder wants to know the implications of different depreciation methods and estimates for the company's financial statemen Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following Tableau Dashboard. Estimated Useful Life of Purchase Price \& Estimated Salvage Assets Value The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on Jan The founder wants to know the implications of different depreciation methods and estimates for the company's financial state Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following Tableau Dashboard. The company founder hires us as consultants and asks that we oversee the accounting for new equipment purcha The founder wants to know the implications of different depreciation methods and estimates for the company's fin Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's operation, we are given the following Tableau Dashboard. The company founder hires us as consultants and asks that we oversee the accounting for new equipment purch The founder wants to know the implications of different depreciation methods and estimates for the company's fil Those statements will be used to attract financing from new investors and creditors. At the end of the equipment? operation, we are given the following Tableau Dashboard. The company founder hires us as consuitants and asks that we oversee the accounting for new equipment purch The founder wants to know the implications of different depreciation methods and estimates for the company's f Those statements will be used to attract financing from new investors and creditors. At the end of the equipment operation, we are given the following Tableau Dashboard. Estimated Useful Life of Purchase Price \& Estimated Salvage Assets Value The company founder hires us as consultants and asks that we oversee the accounting for new equipment purcha The founder wants to know the implications of different depreciation methods and estimates for the company's fin Those statements will be used to attract financing from new investors and creditors At the end of the equipment's operation, we are given the following Tableau Dashboard. The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased o The founder wants to know the implications of different depreciation methods and estimates for the company's financial Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first y operation, we are given the following Tableau Dashboard. The company founder hires us as consultants and asks that we oversee the accounting for new equipment purcha The founder wants to know the implications of different depreciation methods and estimates for the company's fina Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's operation, we are given the following Tableau Dashboard Actual \& Estimated Units-of-Production Year 2 Production Year 3 Production Year 4 Production Estimated 0 50,00075,000100,000125,000 Total Units to be Produced Fif +ableau 1(0). Assume the company uses straight-line depreciabon for the equipment. At the beginning of the second year, we determine that the equipment has orly two more years of remaining useful life. Compute the equipment's book value at the end of its first year 1(b). Assume the company uses straight-ine depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate Actual \& Estimated Units-of-Production Year 2 Production Year 3 Production Vear 4 Production Estimated 1(a). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12.000 cash and (b) $6.000 cash. Actual \& Estimated Units-of-Production Year 1 Production Year 2 Production Year 3 Production Year A Production Estimated 0 25,00050,00075,000100,000125,000 Total Units to be Produced 1(0). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-ine depreciation for the equipment At the beginning of the second year, we determine that. the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000cash Actual \& Estimated Units-of-Production Year-1 Production Year 2 Production Year 3 Production Year 4 Production Total Units to be Produced 47+ableau 1(o). Assume the company uses straight-line depreciation for the equipment At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life Compute the equipment's book value at the end of its first year 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining usefullife. Compute the depreciation for the second year given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. 1(a). Assume the company uses straight-line depreciation for the equipment At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second yaar given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. Complete this question by entering your answers in the tabs below. 1(a). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. Complete this question by entering your answers in the tabs below. Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful lfe. Compute the equipment's book value at the end of its first year. 1(0). Assume the company uses straight-fine depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000cash Complete this question by entering your answers in the tabs below. Assume the company uses stralght-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful iffe. Compute depreciation for the second year given the revised useful life estimate. Complete this question by entering your answers in the tabs below. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b)$6,000 cash. Journal entry worksheet 2 Record the sale of equipment at the end of its useful life for $12,000 cash. Natei Enter dobits belore credits. Complete this question by entering your answers in the tabs below. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. Journal entry worksheet Record the sale of equipment at the end of its useful life for $6,000 cash. Noter Enter itebiks befare credits. The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January 1 The founder wants to know the implications of different depreciation methods and estimates for the company's financial statements Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following Tableau Dashboard The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January The founder wants to know the implications of different depreciation methods and estimates for the company's financial statemen Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following Tableau Dashboard. Estimated Useful Life of Purchase Price \& Estimated Salvage Assets Value The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on Jan The founder wants to know the implications of different depreciation methods and estimates for the company's financial state Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following Tableau Dashboard. The company founder hires us as consultants and asks that we oversee the accounting for new equipment purcha The founder wants to know the implications of different depreciation methods and estimates for the company's fin Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's operation, we are given the following Tableau Dashboard. The company founder hires us as consultants and asks that we oversee the accounting for new equipment purch The founder wants to know the implications of different depreciation methods and estimates for the company's fil Those statements will be used to attract financing from new investors and creditors. At the end of the equipment? operation, we are given the following Tableau Dashboard. The company founder hires us as consuitants and asks that we oversee the accounting for new equipment purch The founder wants to know the implications of different depreciation methods and estimates for the company's f Those statements will be used to attract financing from new investors and creditors. At the end of the equipment operation, we are given the following Tableau Dashboard. Estimated Useful Life of Purchase Price \& Estimated Salvage Assets Value The company founder hires us as consultants and asks that we oversee the accounting for new equipment purcha The founder wants to know the implications of different depreciation methods and estimates for the company's fin Those statements will be used to attract financing from new investors and creditors At the end of the equipment's operation, we are given the following Tableau Dashboard. The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased o The founder wants to know the implications of different depreciation methods and estimates for the company's financial Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first y operation, we are given the following Tableau Dashboard. The company founder hires us as consultants and asks that we oversee the accounting for new equipment purcha The founder wants to know the implications of different depreciation methods and estimates for the company's fina Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's operation, we are given the following Tableau Dashboard Actual \& Estimated Units-of-Production Year 2 Production Year 3 Production Year 4 Production Estimated 0 50,00075,000100,000125,000 Total Units to be Produced Fif +ableau 1(0). Assume the company uses straight-line depreciabon for the equipment. At the beginning of the second year, we determine that the equipment has orly two more years of remaining useful life. Compute the equipment's book value at the end of its first year 1(b). Assume the company uses straight-ine depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate Actual \& Estimated Units-of-Production Year 2 Production Year 3 Production Vear 4 Production Estimated 1(a). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12.000 cash and (b) $6.000 cash. Actual \& Estimated Units-of-Production Year 1 Production Year 2 Production Year 3 Production Year A Production Estimated 0 25,00050,00075,000100,000125,000 Total Units to be Produced 1(0). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-ine depreciation for the equipment At the beginning of the second year, we determine that. the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000cash Actual \& Estimated Units-of-Production Year-1 Production Year 2 Production Year 3 Production Year 4 Production Total Units to be Produced 47+ableau 1(o). Assume the company uses straight-line depreciation for the equipment At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life Compute the equipment's book value at the end of its first year 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining usefullife. Compute the depreciation for the second year given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. 1(a). Assume the company uses straight-line depreciation for the equipment At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second yaar given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. Complete this question by entering your answers in the tabs below. 1(a). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. Complete this question by entering your answers in the tabs below. Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful lfe. Compute the equipment's book value at the end of its first year. 1(0). Assume the company uses straight-fine depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000cash Complete this question by entering your answers in the tabs below. Assume the company uses stralght-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful iffe. Compute depreciation for the second year given the revised useful life estimate. Complete this question by entering your answers in the tabs below. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b)$6,000 cash. Journal entry worksheet 2 Record the sale of equipment at the end of its useful life for $12,000 cash. Natei Enter dobits belore credits. Complete this question by entering your answers in the tabs below. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. Journal entry worksheet Record the sale of equipment at the end of its useful life for $6,000 cash. Noter Enter itebiks befare credits