Question: (Please put anwser in graph form below so i can understand it more.) Jermey Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,873.
(Please put anwser in graph form below so i can understand it more.)
Jermey Industries purchased a drilling rig for $75,900. Delivery costs totaled $2,873.
The useful life is 7 years and the salvage value is $12,910. Prepare a depreciation schedule using the straight-line method.
| End of Year | Annual Depreciation ($) | Accumulated Depreciation ($) | Book Value ($) |
|---|---|---|---|
| $78,773 (new) | |||
| 1 | $ | $ | $ |
| 2 | $ | $ | $ |
| 3 | $ | $ | $ |
| 4 | $ | $ | $ |
| 5 | $ | $ | $ |
| 6 | $ | $ | $ |
| 7 | $ | $ | $ |
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Complete the sum-of-the-years' digits method of depreciation.
| Useful Life (years) | Sum-of-the- Years' | Depreciation Rate Fraction | ||
|---|---|---|---|---|
| Year 1 | Year 3 | Year 5 | ||
| 9 | _________ | __________ | __________ | ____________ |
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(Please put anwser in graph form below so i can understand it more.)
Amandas Corporation purchased a wood pulp mixer for $17,400. Delivery costs totaled $464. The useful is 7 years, and the salvage value is $1,316.
Prepare a depreciation schedule using the sum-of-the-years' digits method.
| Year | Total Depreciation ($) | Depreciation Rate Fraction | = | Annual Depreciation ($) | Accumulated Depreciation ($) | Book Value ($) | |
|---|---|---|---|---|---|---|---|
| $17,864 (new) | |||||||
| 1 | $ | = | $ | $ | $ | ||
| 2 | $ | = | $ | $ | $ | ||
| 3 | $ | = | $ | $ | $ | ||
| 4 | $ | = | $ | $ | $ | ||
| 5 | $ | = | $ | $ | $ | ||
| 6 | $ | = | $ | $ | $ | ||
| 7 | $ | = | $ | $ | $ | ||
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complete using the units-of-production method of depreciation. Round to the nearest tenth of a cent when necessary.
| Asset | Cost | Salvage Value | Units of Useful Life | Depreciation per Unit ($) |
|---|---|---|---|---|
| Automobile | $27,300 | $3,300 | 50,000 miles | $___________ |
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