with explanation please I am very confusedHomework Answers
Answer :
| Year | Remaining value at beginning of year | Depreciation | Remaining value at end of year |
| 2020-Oct 1 to Dec 31 | $ 750,000 | $ 30,000 | $ 720,000 |
| 2021 | $ 720,000 | $ 120,000 | $ 600,000 |
| 2022 | $ 600,000 | $ 120,000 | $ 480,000 |
| 2023 | $ 480,000 | $ 120,000 | $ 360,000 |
| 2024 | $ 360,000 | $ 120,000 | $ 240,000 |
| 2025-Jan 1 to Sep 30 | $ 240,000 | $ 90,000 | $ 150,000 |
Detailed Calculations
Depreciation for 2020 will be calculated for three months from Oct 1 to Dec 31
Depreciation for 2021 to 2024 full depreciation
Depreciation for 2025 will be calculated for nine months from Jan 1 to Sep 30
| Depreciation calculated as | |||
| Straight line method | |||
| a | Capitalized Cost | $ 750,000 | |
| b | Life of Assets | 5 | years |
| c | Residual value | $ 150,000 | |
| d | Depreciable value = Cost - Salvage value | $ 600,000 | |
| e | Depreciation per year = Depreciable value/Life | $ 120,000 | Per year |
| f | Depreciation for 2020 for three months = 120000*3/12 | $ 30,000 | |
| g | Depreciation for 2021 to 2024 | $ 120,000 | |
| h | Depreciation for 2025 for nine months = 120000*9/12 | $ 90,000 | |
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with explanation please I am very confused
120,000 $2 = 30,000 B. Fill in the table...
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Can you please show how you get the answers for each box?
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Please explain the calculations as I am very confused with how
to solve this question.
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please do calculate bond amortization cost as well, as its not
fully showing in last pic. Thanks!
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