Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $139,400...

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Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $139,400 has an estimated residual v Units-of-activity Depreciation A truck acquired at a cost of $340,000 has an estimated residual value of $20,200, has an esti

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Answer 1

Answer #1

Straight-line Methods

The Depreciable cost = ( Cost - Residcual Value)	139,400-5,400	134,000
The Straight-line Rate = ( 1/ Life in Years)	1/10	10%
Annual Depreciation = ( Depreciable Value * Rate )	134,000*10%	13,400

Units of Activity Depreciation

The Depreciable cost	340,000-20,200	319,800
the Depreiciation rate	319,800 /52000	6.15
Annual Depreciation	4700*6.15	28,905

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Answer 2

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Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $139,400...

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Straight-Line Depreciation A building acquired at the beginning of the year at a cost of $139,400...

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