Year | Book Value | Depreciation % | Depreciation | Book Value |
1 | $ 87,200 | 0.66667 | $ 58,134 | $ 29,066 |
2 | $ 29,066 | 0.66667 | $ 19,377 | $ 9,689 |
3 | $ 9,689 | 0.66667 | $ 2,489 | $ 7,200 |
2 | Double Declining Balance Method | |||
3 | All 3 Methods |
Dexter Industries purchased packaging equipment on January 8 for $87,200. The equipment was expected to have...
Dexter Industries purchased packaging equipment on January 8 for $87,200. The equipment was expected to have a useful life of three years, or 20,000 operating hours, and a residual value of $7,200. The equipment was used for 8,590 hours during Year 1, 7,370 hours in Year 2, and 4,040 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ended December 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the...
Dexter Industries purchased packaging equipment on January 8 for $534400. The equipment was expected to have a useful life of three years, or 5,700 operating hours, and a residual value of $44,200. The equipment was used for 2,280 hours during Year 1, 1767 hours in Year 2, and 1,653 hours in Year 3. Required:1.Determine the amount of depreciation expense for the three years ended December 31 by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method....
Need help with the 2 unanswered columns Dexter Industries purchased packaging equipment on January 8 for $86,900. The equipment was expected to have a useful life of three years, or 20,000 operating hours, and a residual value of $6,900. The equipment was used for 8,640 hours during Year 1, 6,710 hours in Year 2, and 4,650 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ended December 31 by (a) the straight-line method....
Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the...
Dexter industries purchased packaging equipment in January 8 for $329,600. The equipment was expected to have a useful life of three years, or 7,200 operating hours, and a residual value of $27,200. The equipment was used for 2,880 hours during year 1. 2,232 hours in year 2, and 2,088 hours in year 3. 1.) determine the amount of depreciation expense for the three years ending December 31, year 1, year 2, year 3, by (a) the straight line method, (b)...
dexter industries purchased packaging equipment on january 8 for $444,000. the equipment was expected to have a useful life of three years, or 5,100 operating hours, and a residual value of $36,800. the equipment was used for 2,040 hours during year 1, 1,581 hours in year 2, and 1,479 hours in year 3. 1) determine the amount of depreciation expense for the three years ending December 31, year 1, year 2, year 3, by (a) the straight-line method, (b) the...
mus Dexter Industries purchased packaging equipment on January 8 for $108,000. The equipment was expected to have a useful life of three years, or 27.000 operating hours, and a residual value of $5,400. The equipment was used for 10,800 hours during Year 1, 8, 100 hours in Year 2, and 8,100 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units of activity...
Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 8 for $90,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. The equipment was used for 7,200 hours during Year 1, 5,400 hours in Year 2, and 5,400 hours in Year 3 Required: 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity...
Comparing three depreciation methods Dexter Industries purchased packaging equipment on January 8 for $86,400. The equipment was expected to have a useful life of three years, or 21,600 operating hours, and a residual value of $5,400. The equipment was used for 8,640 hours during Year 1, 6,480 hours in Year 2, and 6,480 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-...
Comparing three depreciation methods Dexter Industries purchased packaging equipment on January for $72,000. The equipment was expected to have a useful life of three years or 18.000 operating hours, and a residual value of $4,500. The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3 Requiredi 1. Determine the amount of depreciation expense for the three years ending December by (a) the straight-line method, (b) the units-of-activity method, and...