Question: On March 1 0 , 2 0 2 7 , Wildhorse Company sells equipment that it purchased for $ 2 2 6 , 5 6

On March 10,2027, Wildhorse Company sells equipment that it purchased for $226,560 on August 20,2020. It was originally
estimated that the equipment would have a life of 12 years and a salvage value of $19,824 at the end of that time, and depreciation has
been computed on that basis. The company uses the straight-line method of depreciation,
(a) Compute the depreciation charge on this equipment for 2020, for 2027, and the total charge for the period from 2021 to 2026,
inclusive, under each of the six following assumptions with respect to partial periods. (Round depreciation per day to 2 decimal places, e.g.
15.64 and final answers to O decimal places, e.g.45,892.)
2020
2021-2026 Inclusive
2027
1.
Depreciation is
$
$
103368
$
3210
computed for the
exact period of
time during which
the asset is owned,
(Use 365 days for
base and record
depreciation
through March 9,
2027.)
2
Depreciation is
$
1A
103368
17228
computed for the
full year on the
January 1 balance
in the asset
account.
3
Depreciation is
$
17228
$
103368
$
computed for the
full year on the
December 31
balance in the
asset account
4.
Depreciation for
S
8614
103368
$
8614
one-half year is
charged on plant
assets acquired or
disposed of during
the year.

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