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 2019 and the book value as of June 30, 2019. Begin by completing the table by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the table for the first six months of 2019 for all assets placed in service prior to June 30, 2019. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.) Accum. Book 2018 Depr. Value Acquisition Dec. 31, Dec. 31, Depr. Expense Asset Date Cost 2018 2018 Canoes Nov. 3, 2018 $ 7,200 Land Dec. 1, 2018 95,000 Building Dec. 1, 2018 94,000 Canoes Dec. 2, 2018 6,720 Computer Mar. 2, 2019 3,150 Office Furniture Mar. 3, 2019 7,800 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 2019 and the book value as of June 30, 2019. Begin by completing the table by entering the amounts for 2018 for the assets placed in service during 2018. In the following step we will complete the table for the first six months of 2019 for all assets placed in service prior to June 30, 2019. (Complete all answer boxes. Enter a "0" for any zero balances. Abbreviations used: Accum. = Accumulated; Depr. = Depreciation; Exp. = Expense.) Accum. Book 2018 Depr. Value Acquisition Dec. 31, Dec. 31, Depr. Expense Asset Date Cost 2018 2018 Canoes Nov. 3, 2018 $ 7,200 Land Dec. 1, 2018 95,000 Building Dec. 1, 2018 94,000 Canoes Dec. 2, 2018 6,720 Computer Mar. 2, 2019 3,150 Office Furniture Mar. 3, 2019 7,800
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