Sum of year digit = 210
Depreciation expense for 2020 = (714000-57120)*20/210*9/12 = 46935
Depreciation expense for 2021 = 15645+(714000-57120)*19/210*9/12 = 60219
Fxercice 11-03 (Part Level Submission) CIUTI CU...y purchased a new plant asset on April 1, 2020,...
Exercise 11-3 (Part Level Submission) Monty Company purchased a new plant asset on April 1, 2017, at a cost of $774,990. It was estimated to have a service life of 20 years and a salvage value of $65,400. Monty’s accounting period is the calendar year. (a) Your answer is incorrect. Try again. Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2017 $ Depreciation for...
Exercise 11-03 Novak Company purchased a new plant asset on April 1, 2020, at a cost of $786,000. It was estimated to have a service life of 20 years and a salvage value of $67,800. Novak’ accounting period is the calendar year Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2020 $enter a dollar amount Depreciation for 2021 $enter a dollar amount Compute the...
Bonita Company purchased a new plant asset on April 1, 2020, at a cost of $738,000. It was estimated to have a service life of 20 years and a salvage value of $53,400. Bonita' accounting period is the calendar year. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2020 $ Depreciation for 2021 $ e Textbook and Media Compute the depreciation for this asset...
Exercise 11-3 Buffalo Company purchased a new plant asset on April 1, 2017, at a cost of $867,420. It was estimated to have a service life of 20 years and a salvage value of $73,200. Buffalo's accounting period is the calendar year. x] Your answer is incorrect. Try again. Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2017 ne pr . Depreciation for 2018...
Marigold Company purchased a new plant asset on April 1, 2020, at a cost of $723,000. It was estimated to have a service life of 20 years and a salvage value of $59,400. Marigold’ accounting period is the calendar year. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2020 $enter a dollar Amountt Depreciation for 2021 Compute the depreciation for this asset for 2020...
Whispering Company purchased a new plant asset on April 1, 2020, at a cost of $744,000. It was estimated to have a service life of 20 years and a salvage value of $51,000. Whispering’ accounting period is the calendar year. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2020 $ enter a dollar amount Depreciation for 2021 $ enter a dollar amount eTextbook and...
Nash Company purchased a new plant asset on April 1, 2017, at a cost of $824,760. It was estimated to have a service life of 20 years and a salvage value of $69,600. Nash's accounting period is the calendar year Your answer is incorrect. Try again Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2017 83940 Depreciation for 2018 68324 LINK TO TEXT Your...
Please also do for double declining balance! Thanks! Bramble Company purchased a new plant asset on April 1, 2020, at a cost of $753,000. It was estimated to have a service life of 20 years and a salvage value of $64,200. Bramble' accounting period is the calendar year. - Your answer is partially correct. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2020 $...
Question 10 View Policies Current Attempt in Progress Tamarisk Company purchased a new plant asset on April 1, 2020, at a cost of $759.000. It was estimated to have a service life of 20 years and a salvage value of $61,800. Tamarisk' accounting period is the calendar year. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years-digits method (Round answers to decimal places, e.g. 45,892.) Depreciation for 2020 $ Depreciation for 2021 $ e Textbook and...
Question 2 View Policies Current Attempt in Progress Kingbird Company purchased a new plant asset on April 1, 2020, at a cost of $774,000. It was estimated to have a service life of 20 years and a salvage value of $68,400. Kingbird' accounting period is the calendar year. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years-digits method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2020 $ Depreciation for 2021 $