Question: Chapter 11 In Class Exercises: Depreciation Methods Scenario: Costa 469,000 Useful Life (Years) - 5 Useful Life (Hours) = 140,000 Salvage Value - 39,000 1)

Life (Years) - 5 Useful Life (Hours) = 140,000 Salvage Value -

Chapter 11 In Class Exercises: Depreciation Methods Scenario: Costa 469,000 Useful Life (Years) - 5 Useful Life (Hours) = 140,000 Salvage Value - 39,000 1) Method 1: Straight Line Depreciable Cost Depreciation Rate Annual Depr Exp Accum. Depr. Book Value Year 2018 2019 2020 2021 2022 = Salvage Value = Depr. Cost 2) Method 2: Units of Activity Depreciation Rate Annual Depr Exp Accum. Depr. Book Value Year 1 2018 2019 2020 2021 2022 Units of Activity 30,000 20,000 25,000 40,000 25,000 140,000 = Salvage Value = Depr. Cost 3) Method 3: Double-Declining Balance Book Value Beg. Of Year Depreciation Annual Depr Rate Exp Accum. Depr. Book Value Year 2018 2019 2020 2021 2022 = Salvage Value PLUG = Depr. Cost 14) Method 4: Sum of Years Digits Accum. Depreciable Cost Depreciation Rate Annual Depr Exp Depr. Book Value Year 2018 2019 2020 2021 2022 = Salvage Value = Depr. Cost

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Chapter 9 In Class Exercises: Depreciation Methods Scenario: Cost = Useful Life (Years) = Useful Life (Hours) = Salvage Value = a) Calculate the SL annual rate: 30,000 5 140,000 2,000 1) Depreciable...

Chapter 9 In Class Exercises: Depreciation Methods 30,000 1) Depreciable Cost = Cost - Salvage Value Scenario: Cost Useful Life (Years) = Useful Life (Hours) Salvage Value = 140,000 2,000 Depreciable...

i need help with this thank you in advance let me know if you have questions ALPHA ALPHA bws check/modified rows to be deleted BRAVO row picked at random investm life.yr salvage; q10-12.inpt2...

Homework: Chapter 9 Score: 0 of 16 pts E9-20 (similar to) 12 of 14 (1 Delicious Fried Chicken bought equipment on January 2, 2018, for $39.000. The equipment was expected to remain in service for...

Group Project 3 Duplicate Deposit Slips Problem 1 (50 points) Currency Cons 0000 Deposit sup Cash Date List of Checks GY To 91500 91510 Tupreme Company's bookkeeper prepared the bar rector May 1,...

Help Needed! I need someone to please go over my workbook for me. I am doing a 10K on GAP Inc. and have to do the workbook. Need to double check my figures please. Kindly find attach a copy of the...

Assessment Details and Submission Guidelines Trimester T1 2021 Unit Code HI5002 Unit Title Finance for Business Assessment Type Group Assignment Assessment Title Reflective Journal, Fact Finding of...

Paul's Pottery Trial Balance For year ending 30 June 2017 Furniture Accumulated Depreciation of Furniture Motor Vehicle Accumulated Depreciation of Motor Vehicle DR CR HV 60 000 11 000 50 000 Rate 20...

I need help with this systems understanding aid in my accounting information systems class. I just need the journals and ledgers. I have attached the transaction list and all the documents to...

Public Company Ltd. is a large, publicly held company whose shares are actively traded on the Toronto Stock Exchange and that has earnings before tax of $300 million per year. The company has spent...

Given the following tax structure, what minimum tax would need to be assessed on Shameika to make the tax progressive with respect to average tax rates? Muni-Bond Total Taxpayer Mihwah Salary $15,500...

37. LO.8, 9 At the beginning of 2011, Christine Wheat has a basis of $5,000 in her stock of a calendar year S corporation, Zhou, Inc. She holds no debt of the S corporation. During 2011, Wheats total...

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

Intermediate The preparation of budgets is a lengthy process which requires great care if the ultimate master budget is to be useful for the purposes of manage ment control within an organization....

Advanced A company that has hitherto prepared its operating budgets on a single target level of performance is considering changing to one of the following: (i) a three-level budget; (ii) a decision...

Advanced The chief executive of your organization has recently seen a reference to zero-base budgeting. He has asked for more details of the technique. You are required to prepare a report for him...