Question: please help. Unsure if this is more than one question, if it is please ignore first image. i thinn these are the answers for the

please help. Unsure if this is more than one question, if it is please ignore first image.
please help. Unsure if this is more than one question, if it
is please ignore first image. i thinn these are the answers for
the first prt. B C D E GH 1 201: E-10 -
DEPRECIATION - 5 YEAR PROPERTY 1 ICOST L 178,000 RESIDUAL 3,000 #
i thinn these are the answers for the first prt. YEARS VIII. Calculate the following: ( ) S STRAIGHT-LINE YR 1 PRODUCTION

B C D E GH 1 201: E-10 - DEPRECIATION - 5 YEAR PROPERTY 1 ICOST L 178,000 RESIDUAL 3,000 # YEARS VIII. Calculate the following: ( ) S STRAIGHT-LINE YR 1 PRODUCTION METHOD 500.000 Estimated Prod Hrs: YR I 110,000 YR 2 105.000 YR 3 100,000 YR 4 100.000 YR5 85,000 500,000 . DDB YR % DEPREC BKVAL YRITT YR21 YR 3 YR 4 MACRS YRI 02000 YR 2 YR 3 YR 4 0.3200 0.1920 0.1152 0.1152) 0.0576 YRS YR 6 08-BK STMT 08-PETTY CASH 09-8D 08-BK REC 09-INTER & WRITE-OFF 10-DEP Ready x & fc 201: E-10 - DISPOSALS IX. Using the calculations from the previous page, prepare Journal entries for following Independent questions. 1 The company discards the asset: END OF YEAR # RECEIVES METHOD STRAIGHT-LINE The asset is sold for cash: Nemo N 00999 999 HASANS END OF YEAR# RECEIVES 80,000 METHOD MACRS 3 The asset is sold for cash: END OF YEAR # RECEIVES 45,000 METHODSDDB 4 The asset has major repairs, which extends its useful life: END OF YEAR REPAIRS 38,500 METHOD PRODUCTION EXTENDED USEFUL LIFE375,000 NEW RESIDUAL YRS YR 6 COST AD BV +RPRS = NEW BV YR 7 1 10000 99,000 87.000 29.000 375.000 YR 08-BK STMT 08-BK REC 08-PETTY CASH 09-INTER & WRITE-OFF 09 BUAH fo x 201: E-10 - TRADE-INS X. Using the calculations from the depreciation pere, prepare journal entries ) The asset is traded for a dissimilar usset: WE DO NO END OF YEART 2 NEW ASSET COST 180,000 METHOD STRAIGHT-LINE TRADE-IN ALLOWANCE 105,000 Balance is financed with a N/P 2 The asset is traded for a dissimilar asset: END OF YEAR 31 NEW ASSET COST 185,000 METHOD PRODUCTION 19 TRADE-IN ALLOWANCE 75.000 Balance is financed with a NP. 3 The asset traded for a similar (like-kind) asset. Prepare the entry for financial accounting END OF YEART NEW ASSET COST 190,000 METHODL DDB 28 TRADE-IN ALLOWANCE 19,000 Balance is financed with a N/P 324 The asset traded for a similar (like-kind) asset. Prepare the entry for income tax purposes. END OF YEAR NEW ASSET COST 190,000 METHODE DDB 32 TRADE-IN ALLOWANCE19,000 Balance is financed with a NP 415 The asset traded for a similar (like-kind) asset. Prepare the entry for income tax purposes 08-BK STMT08-BK REG 08-PETTY CASH 09-INTER & WRITE-OFF Ready 09-BD / IL END OF YEART 4 NEW ASSET COST 190,000 METHODDDB TRADE-IN ALLOWANCE 319,000 Balance is financed with a N/P. // / 7 T LE 4 The asset traded for a similar (like-kind) asset. Prepare the entry for income tax purposes. WALDO UN NOU END OF YEAR NEW ASSET COST 190,000 METHOD DDB 7 TRADE-IN ALLOWANCE19,000 Balance is financed with a N/P. 5 The asset traded for a similar (like-kind) asset. Prepare the entry for income tax purposes. END OF YEAR NEW ASSET COST 200,000 METHOD MACRS TRADE-IN ALLOWANCE15,000 Balance is financed with a N/P Marga Ace Pored L A . EB 133 x vfx de A B C D G 201: X-10 - DEPRECIATION - 5 YEAR PROPERTY 3 COST VIIL C 178,000 ute the following RESIDUAL 3,000 STRAIGHT-LINE YR YR 2 YR 3 YR 4 35.000 35.000 35,000 Total 35,000 175,000 12 13 PRODUCTION METHOD Estimated Prod Hrs YR 2 YR3 YR 4 105,000 100,000 100,000 85.000 500.000 0.35 0.35 total 23 DDB YR % 40.00 40.00 40.00 40.00 40.00 DEPRECK VALE 178,000 71,200 106,800 42.720 6 4080 25.632 38.448 15.379 23.069 9.22 13.841 164,159 JE YR 1 YR 2 YR 3 YR 4 YR 5 YR 6 0 0 0 0 0 0 .2000 .3200 .1920 .1152 .1152 .0576 178,000 35,600 56,960 34,176 20.506 20,506 10253 178,000 09-30 10-DEPREC 10-DISP 10-TRADE-INS BK REC 08-PETTY CASH 09 INTER A WRITE-OFF MacBook A

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