Problem 10-3A Name: Section: For use with Accounting, 25e and Financial Accounting, 13e Score: 0% Warren/Reeve/Duchac Key Code: [Key code here] Instructions Answers are entered in the cells with gray backgrounds Cells with non-gray backgrounds are protected and cannot be edited. 1 An asterisk (*) will appear to the right of an incorrect entry. 12 Depreciation Expense Straight- Line Units of Production Double-Declining Balance Year 2012 2013 2014 2015 Totals Calculations: Pr. 10-3A Straight-line method: For full year: (Cost - Residual Value) Years Yearly Depreciation For part years: 2012 Depreciation x Portion of Year = .. Depreciation 2015 Depreciation x Portion of Year Depreciation Units-of-production method: (Cost - Residual Value) Rate Rate Hours Yearly Depreciation inco 2012 2013 2014 2015 Yearly Double-declining balance method: Depreciable Pr. 10-3A 2015 Yearly Depreciation Double-declining-balance method: Depreciable Balance Rate X Portion of Year= 2012 2013 2014 Since depreciation cannot cause book value to fall below residual value: Depreciable Residual Balance Value Yearly Depreciation 2015 Pr. 10-3A EE 10-3 456 08. PE 10-3A Units-of-output depreciation A tractor acquired at a cost of $275,000 has an estimated residual value of $39.000 an estimated useful life of 40,000 hours, and was operated 2,660 hours during the Determine (a) the depreciable cost, (b) the depreciation rate, and (c) the units-of- depreciation for the year