Question: The table below contains data on depreciation for five (5) different equipment items used. REQUIRED: On a separate sheet, copy the following table and fill
The table below contains data on depreciation for five (5) different equipment items used.
REQUIRED:
On a separate sheet, copy the following table and fill in the missing 20 items for all assets.
| Acquisition Date | 1/1/2016 | 1/1/2016 | 1/1/2016 | 1/1/2017 | 1/1/2017 |
| Cost | $100,000 |
| $100,000 | $330,000 |
|
| Accumulated Depreciation 12/31/2018 |
|
$90,000 |
|
|
|
| Depreciation 2017 | $10,000 |
| $27,000 |
| $200,000 |
| Depreciation 2018 | $10,000 |
| $18,000 | $80,000 |
|
| Book value, 12/31/2017 |
| $140,000 | $37,000 |
| $300,000 |
| Book value, 12/31/2018 | $70,000 |
|
|
|
|
| Estimated service life |
| 6 | 4 | 5 | 5 |
| Estimated salvage value | 0 |
| $10,000 |
| 0 |
| Depreciation method |
| Straight-line | Sum-of years Digits | Sum-of-Years-Digits | Double- declining balance |
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