The following information comes from an American Airlines baggage-handling truck. Item Amount Cost of truck $41000 Estimated
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Question:
The following information comes from an American Airlines baggage-handling truck.
Item | Amount |
Cost of truck | $41000 |
Estimated residual value | 1000 |
Estimated useful life:Years | 5years |
Units of production | 100000miles |
First year | 20000miles |
Second year | 30000miles |
Third year | 25000miles |
Fourth year | 15000miles |
Fifth year | 10000miles |
Please use straight-line method,units of production method, double-declining balance method to fill in the following table ,and each method need a table.
Straight-line method
Year | Assets Cost | Rate | Depreciation Expense | Accumulated Depreciation | Book Value at Ending |
1 | 41000 | ||||
2 | |||||
3 | |||||
4 | |||||
5 |
Units of production method
Year | Assets Cost | Rate | Depreciation Expense | Accumulated Depreciation | Book Value at Ending |
1 | 41000 | ||||
2 | |||||
3 | |||||
4 | |||||
5 |
Double-declining balance method
Year | Assets Cost | Rate | Depreciation Expense | Accumulated Depreciation | Book Value at Ending |
1 | 41000 | ||||
2 | |||||
3 | |||||
4 | |||||
5 |
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