A | ||||||
1) | Double Declining Balance | |||||
2) | Straight - Line | |||||
3) | Units of production | |||||
B) | Depreciation Method | |||||
1) | Straight line | |||||
2) | Double Declining Balance | |||||
3) | Units of production | |||||
C) | ||||||
Cost $85,000 | Depreciation Expenses | Accumulated Depreciation | ||||
Year | Straight line | Double Declining Balance | Units of production | Straight line | Double Declining Balance | Units of production |
2014 | $ 20,050.00 | $ 42,500.00 | $ 18,446.00 | $ 20,050.00 | $ 42,500.00 | $ 18,446.00 |
2015 | $ 20,050.00 | $ 21,250.00 | $ 20,852.00 | $ 40,100.00 | $ 63,750.00 | $ 39,298.00 |
2016 | $ 20,050.00 | $ 10,625.00 | $ 20,050.00 | $ 60,150.00 | $ 74,375.00 | $ 59,348.00 |
2017 | $ 20,050.00 | $ 5,825.00 | $ 20,852.00 | $ 80,200.00 | $ 80,200.00 | $ 80,200.00 |
d) | ||||||
Revise current and future depreciation expense without restating previous financial statements |
Blueprint Connection: Depreciation Methods Depreciation is the process of allocating the cost of an asset to...
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