BHULYAN QUICK-PRINT, INC. Printing Press Depreciation Schedule • Double-Declining-Balance Method Cost of Asset: $340,000 Salvage Value:...
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BHULYAN QUICK-PRINT, INC. Printing Press Depreciation Schedule • Double-Declining-Balance Method |
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| Cost of Asset: | $340,000 | ||||
| Salvage Value: | $35,000 | ||||
| Length of Service (yrs): | 8 | ||||
| Annual Double-Declining-Balance Rate: | |||||
| Double-Declining | Years | ||||
| (DB) | 1 | 2 | 3 | 4 | 5 |
| Annual Depreciation | |||||
| Cumulative Depreciation | |||||
| End-of-Year Book Value | |||||
| Directions: | |||||
| a. In Cell C7 Calculate the Annual Double-Declining Balance Rate. | |||||
| b. Enter a Double-Declining Balance formula in cell B10 to calculate the Annual Depreciation. | |||||
| c. Copy this formula across to Column F. | |||||
| d. In Cell B11, enter the formula to display the depreciation for the first year. | |||||
| e. In Cell C11, enter the formula to add this yearly depreciation to the previous year's depreciation. | |||||
| f. Copy this formula across to column F. | |||||
| g. In Cell B12, enter the formula to calculate the dpreciated asset's value after the first year. | |||||
| h. In Cell C12, enter the formula to calculate the End -of-Year Book Value. | |||||
| i. Copy this formula across to column F. | |||||
| j. Save the file as ch13ex04a.xlsx. | |||||
Homework Answers
The table has been created in excel
| BHULYAN QUICK-PRINT, INC. | |||||
| Printing Press | |||||
| Depreciation Schedule • Double-Declining-Balance Method | |||||
| Cost of Asset: | $340,000 | ||||
| Salvage Value: | $35,000 | ||||
| Length of Service (yrs): | 8 | ||||
| Annual Double-Declining-Balance Rate: | |||||
| Double-Declining | Years | ||||
| (DB) | 1 | 2 | 3 | 4 | 5 |
| Annual Depreciation | $76,250 | $76,250 | $76,250 | $76,250 | |
| Cumulative Depreciation | $76,250 | $152,500 | $228,750 | $305,000 | |
| End-of-Year Book Value | $263,750 | $187,500 | $111,250 | $35,000 | |
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BHULYAN QUICK-PRINT, INC.
Printing Press
Depreciation Schedule • Double-Declining-Balance
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