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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for
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Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Complete a depreciation schedu
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Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete a depreciation schedule for Units-of-production method. (Do not round intermediate calculations.) Income Statement Depreciation Expense Balance Sheet Accumulated Year Cost Depreciation Book Value At acquisition 3 < Required 1 Required 2
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Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Complete a depreciation schedule for Straight-line method. (Do not round intermediate calcula Income Statement Balance Sheet Depreciation Expense Depreciation Book Value $40,000 32,900 25,800 18,700 11,600 4,500 Year Cost At acquisition $ 7,100 7,100 7,100 7,100 7,100 7,100 14,200 21,300 28,400 35,500 4 Req 1A Req 1B >
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Answers

As per SLM
Income Statement Balance Sheet
Year Depreciation Expense Cost Acc Depreciation Book Value
At Acqui. 37,800.00      37,800.00
1                                                 11,600.00                11,600.00      26,200.00
2                                                 11,600.00                23,200.00      14,600.00
3                                                 11,600.00                34,800.00        3,000.00
* Depreciation expense = (Cost- Residual Value )Useful life
=($37800-$3000)/3=$11600
As per Unit of Production Method
Income Statement Balance Sheet
Year Depreciation Expense Cost Acc Depreciation Book Value
At Acqui. 37,800.00      37,800.00
1                                                    8,352.00                   8,352.00      29,448.00
2                                                 19,140.00                27,492.00      10,308.00
3                                                    7,308.00                34,800.00        3,000.00
* Depreciation expense =( (Cost- Residual Value )/ Estimated Payment over three Year)* Expected Paymet TXN in year
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