Question

You have been hired by Patterson Planning Corp., an events planning company that recently had a fire in which some of the accounting records were damaged.

In reviewing the fixed asset records, you find three depreciation schedules that are not labeled. They are listed in the following table. One of the assets has a depreciation rate of $4.40 per hour.

Year	Schedule A			Schedule B			Schedule C
1		$6,000			$10,125			$9,240
2		3,600			13,500			6,600
3		2,160			13,500			7,480
4		1,296			13,500			6,600
5		444			3,375			4,400
6								7,040
7								4,840
8
Total		$13,500			$54,000			$46,200

2. For each of the depreciation schedules shown on the Patterson Planning Corp., fill in the following information. If an amount box does not require an entry, leave it blank.

	A			B			C
Useful life
Residual value		$			$			$
Asset cost		$			$			$
Total operating hours

Answer 1