Homework Answers
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| TOTAL COST | 68000 | |
| ESTIMATED SALVAGE VALUE | 8000 | |
| DEPRICIABLE VALUE | 60000 | |
| ESTIMATED USEFUL LIFE | 6 | |
| ACCUMULATED DEPRICIATION UNTILL DEC 31 2020 | 60000/6 | *3 |
| = | 10000 | *3 |
| ACCUMULATED DEPRICIATION UNTILL DEC 31 2020 | 30000 |
| NET BOOK VALUE | 38000 | 68000-30000 |
| REVISED SALVAGE VALUE | 3000 | |
| DEPRICIABLE VALUE | 35000 | |
| REVISED TOTAL ESTIMATED LIFE | 8 | |
| REMAINING LIFE | 5 | (8-3) |
| DEPRICIATION EXPENSE FOR 2021 | 35000/5 |
| DEPRICIATION EXPENSE FOR 2021 | 7000$ |
A LOT OF EFFORT HAS BEEN PUT INTO THIS TO MAKE THIS EASILY UNDERSTANDABLE.
HOPE THIS WAS HELPFUL.
INCASE OF DOUBTS, COME BACK TO ME HERE.
DO CONSIDER GIVING THIS A THUMBS UP. INCASE OF DOUBTS, COME BACK TO ME HERE.
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problems 1 and 2 please
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equipment for specialized-furniture manufacturing at a cost of
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purchase, the equipment had an estimated useful life of 15 years
and an expected salvage value of $10,000 at the end of the 15
years.
For future budgeting purposes, Eric Anderson, CFO of Fukisan
Inc. has asked you to perform the depreciation expense calculations
for Year 2, Year 3, and Year...
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