Homework Answers
1) Calculate following
| Straight line | Double decline | Activity method | |
| Depreciation expense | (141600-35400/6) = 17700 | 0 | 2880*2.2125 = 6372 |
| Accumulated depreciation | 17700*6 = 106200 | 106200 | 106200 |
| Book value at year end | 141600-106200 = 35400 | 35400 | 35400 |
2a) Journal entry
| Date | account and explanation | Debit | Credit |
| depreciation expense | 17700 | ||
| Accumulated depreciation | 17700 | ||
2b) Journal entry
| Date | account and explanation | Debit | Credit |
| No entry | |||
2c) Journal entry
| Date | account and explanation | Debit | Credit |
| depreciation expense | 6372 | ||
| Accumulated depreciation | 6372 |
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Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Original...
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3. Record the Depreciation Expense for the period under the
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3. Record the Depreciation Expense for the period under the
double-declining-balance method.
4.Record the Depreciation Expense for the period under the
activity-based method.
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