Homework Answers
Correct Answer:
|
Year |
Hours used |
Annual Depreciation |
Accumulated Depreciation |
Ending Book Value |
|||
|
1 |
$ 24,406.00 |
$ 5,003.23 |
$ 5,003.23 |
$ 38,996.77 |
|||
|
2 |
$ 20,182.00 |
$ 4,137.31 |
$ 9,140.54 |
$ 34,859.46 |
|||
|
3 |
$ 21,018.00 |
$ 4,308.69 |
$ 13,449.23 |
$ 30,550.77 |
Working:
|
Units of Production method |
||
|
A |
Cost |
$ 44,000 |
|
B |
Residual Value |
$ 3,000 |
|
C=A - B |
Depreciable base |
$ 41,000 |
|
D |
Usage in units(in Hours) |
200,000 |
|
E |
Depreciation per hour |
$ 0.21 |
|
Depreciation schedule-Units of Activity |
|||||
|
Year |
Book Value |
Usage |
Depreciation expense |
Ending Book Value |
Accumulated Depreciation |
|
1 |
$ 44,000 |
$ 24,406.00 |
$ 5,003.23 |
$ 38,996.77 |
$ 5,003.23 |
|
2 |
$ 38,997 |
$ 20,182.00 |
$ 4,137.31 |
$ 34,859.46 |
$ 9,140.54 |
|
3 |
$ 34,859 |
$ 21,018.00 |
$ 4,308.69 |
$ 30,550.77 |
$ 13,449.23 |
End of answer.
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units during its useful life.
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on the Preferred Stock line
(top line)?
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