Task 1: Calculating Depreciation Expense - must show work by typing in how you found the amounts for full credit. Just entering the amount gets you partial credit. (20 pts) 1

Cash Register

For Each of the Following Plant Assets:

1.Calculate the amount to be depreciated, the depreciable cost (Cost - Salvage Value)

2.Calculate the annual depreciation expense.

3.Calculate the pro-rated amount to be depreciated this year (months owned/12) * Annual depreciation amount.

Plant Asset Months owned First Yr Original Cost Estimated Disposal/Salvage Value Estimated Useful Life

1 Cash Register 8 $450 $30 7 yrs

2 Computer 2 $6,500 $1,500 5 yrs

3 Conference Table 6 $1,900 $100 25 yrs

4 Delivery Truck 3 $36,400 $6,400 5 yrs

5 Desk 11 $3,180 $300 20 Yrs

Plant Asset Amount to be depreciated (Depreciable Cost) Depreciation Rate (enter %)Annual Depreciation Months Owned First YrDepreciation . Amount

1Cash Register $- 8 $-

2Computer $- 2 $-

3Conference Tabs $- 6 $-

4Delivery Truck $- 3 $-

5Desk $- 11 $-