Question: Requirement 2. For each asset, determine the book value as of December 31, 2018. Then, calculate the depreciation expense for the first six months of

Requirement 2. For each asset, determine the book value as of December 31, 2018. Then, calculate the depreciation expense for the first six months of Begin by completing the tablo by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the ta (Complete all answer boxes. Enter a "O" for any zero balances Abbreviations used: Accum - Accumulated: Depr. - Depreciation Exp. = Expense.) Accum. Book 2019 Accum. Book 2018 Depr. Value Depr. Exp. Depr. Value Acquisition Depr. Dec. 31. Dec. 31. Through Jun 30, Jun 30, Asset Date Cost Expense 2018 2018 Jun. 30 2019 2019 Canoes Nov. 3, 2018 $ 200 $ 200 $ 4,600 Land Dec. 1. 2018 0 85,000 0 85,000 Building Dec. 1. 2018 35,000 500 500 34,500 Canoes Dec. 2, 2018 7,200 150 150 7,050 Computer Mar 2, 2019 3,600 Office Furniture Mar. 3, 2019 3,000 4,800 $ Data Table 3 5 alu Estimated Residual Value Acquisition Date for ala Asset Cost Estimated Life Depreciation Method SL Monthly Depreciation Expense $ 100 Canoes $ 0 Land n/a 201 5,000 SL 500 Nov. 3, 2018 Dec. 1, 2018 Dec. 1, 2018 Dec. 2, 2018 Mar 2, 2019 Mar. 3, 2019 0 4,800 4 years 85,000 35,000 5 years 7,200 4 years 3,600 3 years 3,000 5 years Dell SL Building Canoes Computer Office Furniture 150 300 DDB 600 SL SL = Straight-line; DDB = Double-declining-balance Print Done
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