Homework Answers
A.
| Truck | Depreciation Rate per Mile | Amount to be credited to Accumulated Depreciation |
| 1 | $ 0.28 | $ 5,600 |
| 2 | 0.14 | 4,648 |
| 3 | 0.31 | 2,542 |
| 4 | 0.29 | 6,641 |
| Totals | $ 19,431 |
B.
| Date | Account Titles | Debit | Credit |
| $ | $ | ||
| December 31 | Depreciation Expense | 19,431 | |
| Accumulated Depreciation : Trucks | 19,431 |
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9. EX.09-08.BLANKSHEET.ALGO (Algorithmic) Depreciation by units-of-activity method Instructions Prior to adjustment at the end of the...
Prior to adjustment at the end of the year, the balance in Trucks is $302,210 and...
Prior to adjustment at the end of the year, the balance in Trucks is $302,210 and the balance in Accumulated Depreciation—Trucks is $100,920. Details of the subsidiary ledger are as follows: Estimated Accumulated Depreciation at Miles Operated Truck No. Cost Residual Value Useful Life Beginning of Year During Year 1 $83,960 $15,360 245,000 miles — 20,600 miles 2 51,050 5,930 300,800 miles $14,700 33,800 miles 3 77,486 12,910 201,800 miles 62,180 8,100 miles 4 89,714 22,010 241,800 miles 24,040 22,500...
I need help with unanswered parts. Depreciation by units-of-activity Method Prior to adjustment at the end...
I need help with unanswered parts.
Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $419,900 and the balance in Accumulated Depreciation-Trucks is $128,880. Details of the subsidiary ledger are as follows: Miles Estimated Residual Value Truck No. Accumulated Depreciation at Beginning of Year Estimated Useful Life Operated During Year Cost $84,500 30,000 miles 119,900 37,000 $12,675 14,388 14,420 13,500 200,000 miles 370,000 207,000 300,000 $23,980 $82,400 103,000 112,500 20,700 36,000...
Prior to adjustment at the end of the year, the balance in Trucks is $300,900 and...
Prior to adjustment at the end of the year, the balance in Trucks is $300,900 and the balance in Accumulated Depreciation Trucks is $88,200. Details of the subsidiary ledger are as follows Estimated Estimated Accumulated Depreciation Miles Operated During Year 30,000 25,000 45,000 40,000 Truck No. Cost Residual Value Useful Life 300,000 300,000 200,000 200,000 at Beginning of Year $100,000 $13,000 72,900 38,000 90,000 9,900 3,000 13,000 $60,000 8,050 20,150 Required (a) Based on the units-of-activity method, determine the depreciation...
CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 111 Petty Cash 112 Accounts Receivable 114 Interest...
CHART OF ACCOUNTS
General Ledger
ASSETS
110
Cash
111
Petty Cash
112
Accounts Receivable
114
Interest Receivable
115
Notes Receivable
116
Merchandise Inventory
117
Supplies
119
Prepaid Insurance
120
Land
123
Trucks
124
Accumulated Depreciation-Trucks
125
Equipment
126
Accumulated Depreciation-Equipment
130
Mineral Rights
131
Accumulated Depletion
132
Goodwill
133
Patents
LIABILITIES
210
Accounts Payable
211
Salaries Payable
213
Sales Tax Payable
214
Interest Payable
215
Notes Payable
EQUITY
310
Common Stock
311
Retained Earnings
312
Dividends
313
Income Summary
REVENUE...
Chapter 10 Calculator Book 4 Show Me How Depreciation by units of activity method 1. PE...
Chapter 10 Calculator Book 4 Show Me How Depreciation by units of activity method 1. PE 10.013 Chart of Account First Question Joumal 2 PE 10 02 ALGO 3. TMM 10.02 Instructions 4. PE 1005 ALGO Prior to the end of the year the balance in tudi 2.00 and the balance med Deprecation-Trucks is 5,700 Details of the subsidiary 5. EX 1008 BLANKSHEET 6. EX 100B ALGO TheN Cost $20.000 7. PE 10 028 EXCEL ALGO 1 2 Estimated Reside...
I need help with unanswered parts.
Depreciation by units-of-activity Method Prior to adjustment at the end of the year, the balance in Trucks is $419,900 and the balance in Accumulated Depreciation-Trucks is $128,880. Details of the subsidiary ledger are as follows: Miles Estimated Residual Value Truck No. Accumulated Depreciation at Beginning of Year Estimated Useful Life Operated During Year Cost $84,500 30,000 miles 119,900 37,000 $12,675 14,388 14,420 13,500 200,000 miles 370,000 207,000 300,000 $23,980 $82,400 103,000 112,500 20,700 36,000...
Prior to adjustment at the end of the year, the balance in Trucks is $300,900 and the balance in Accumulated Depreciation Trucks is $88,200. Details of the subsidiary ledger are as follows Estimated Estimated Accumulated Depreciation Miles Operated During Year 30,000 25,000 45,000 40,000 Truck No. Cost Residual Value Useful Life 300,000 300,000 200,000 200,000 at Beginning of Year $100,000 $13,000 72,900 38,000 90,000 9,900 3,000 13,000 $60,000 8,050 20,150 Required (a) Based on the units-of-activity method, determine the depreciation...
CHART OF ACCOUNTS
General Ledger
ASSETS
110
Cash
111
Petty Cash
112
Accounts Receivable
114
Interest Receivable
115
Notes Receivable
116
Merchandise Inventory
117
Supplies
119
Prepaid Insurance
120
Land
123
Trucks
124
Accumulated Depreciation-Trucks
125
Equipment
126
Accumulated Depreciation-Equipment
130
Mineral Rights
131
Accumulated Depletion
132
Goodwill
133
Patents
LIABILITIES
210
Accounts Payable
211
Salaries Payable
213
Sales Tax Payable
214
Interest Payable
215
Notes Payable
EQUITY
310
Common Stock
311
Retained Earnings
312
Dividends
313
Income Summary
REVENUE...
Chapter 10 Calculator Book 4 Show Me How Depreciation by units of activity method 1. PE 10.013 Chart of Account First Question Joumal 2 PE 10 02 ALGO 3. TMM 10.02 Instructions 4. PE 1005 ALGO Prior to the end of the year the balance in tudi 2.00 and the balance med Deprecation-Trucks is 5,700 Details of the subsidiary 5. EX 1008 BLANKSHEET 6. EX 100B ALGO TheN Cost $20.000 7. PE 10 028 EXCEL ALGO 1 2 Estimated Reside...
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