Straight Line | ||||||
Date | Cost of asset | Depreciable cost | Useful life | Depreciation expenses | Accumulated Depreciation | Book value |
Year 1 | $2,15,800 | $1,96,800 | 4 Years | $49,200 | $49,200 | $1,66,600 |
Year 2 | $2,15,800 | $1,96,800 | 4 Years | $49,200 | $98,400 | $1,17,400 |
Year 3 | $2,15,800 | $1,96,800 | 4 Years | $49,200 | $1,47,600 | $68,200 |
Year 4 | $2,15,800 | $1,96,800 | 4 Years | $49,200 | $1,96,800 | $19,000 |
Units of production | ||||||
Date | Cost of asset | Depreciation per unit | No. of units | Depreciation expenses | Accumulated Depreciation | Book value |
Year 1 | $2,15,800 | $0.39 | 123000 | $48,220 | $48,220 | $1,67,580 |
Year 2 | $2,15,800 | $0.39 | 123200 | $48,298 | $96,518 | $1,19,282 |
Year 3 | $2,15,800 | $0.39 | 120800 | $47,357 | $1,43,876 | $71,924 |
Year 4 | $2,15,800 | $0.39 | 135000 | $52,924 | $1,96,800 | $19,000 |
Double Declining balance | ||||||
Date | Cost of asset | Book Value | DDB Rate | Depreciation expenses | Accumulated Depreciation | Book value |
Year 1 | $2,15,800 | $2,15,800 | 50.00% | $1,07,900 | $1,07,900 | $1,07,900 |
Year 2 | $2,15,800 | $1,07,900 | 50.00% | $53,950 | $1,61,850 | $53,950 |
Year 3 | $2,15,800 | $53,950 | 50.00% | $26,975 | $1,88,825 | $26,975 |
Year 4 | $2,15,800 | $26,975 | 50.00% | $13,488 | $2,02,313 | $13,488 |
A machine costing $215,800 with a four-year life and an estimated $19,000 salvage value is installed in Luth...
A machine costing $216,600 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 494,000 units of product during its life. It actually produces the following units: 121,700 in 1st year, 123,000 in 2nd year, 121,500 in 3rd year, 137,800 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate-this difference was not predicted....
A machine costing $213,000 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company’s factory on January 1. The factory manager estimates the machine will produce 490,000 units of product during its life. It actually produces the following units: 123,200 in 1st year, 123,800 in 2nd year, 120,400 in 3rd year, 132,600 in 4th year. The total number of units produced by the end of year 4 exceeds the original estimate—this difference was not predicted....
A machine costing $213,800 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 487,000 units of product during its life. It actually produces the following units: 122,500 in Year 1 124,300 in Year 2.120,400 in Year 3, 129,800 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this difference was not predicted. (The...
A machine costing $212,600 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 484,000 units of product during its life. It actually produces the following units: 123,100 in Year 1, 123,500 in Year 2, 121,000 in Year 3, 126,400 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate—this difference was not predicted....
A machine costing $216,200 with a four-year life and an estimated $19,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 493,000 units of product during its life. It actually produces the following units: 122,600 in Year 1, 122,600 in Year 2, 121,000 in Year 3, 136,800 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate—this difference was not predicted....
A machine costing $212,600 with a four-year life and an estimated $17,000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 489,000 units of product during its life. It actually produces the following units: 123,000 in Year 1, 123,500 in Year 2, 120,400 in Year 3, 132,100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate-this difference was not predicted....
A machine costing $215,600 with a four-year life and an estimated $18,000 salvage value is installed in Luther Company's factory on Jan 1st. The factory manager estimates the machine will produce 494,000 units of product during it's life. It actually produces the following units: 123,000 in year 1, 124,100 in year 2, 120,300 in year 3, 136,600 in year 4. The total number of units produced by the end of year 4 exceeds the original estimate - this difference was...
A machine costing $207,200 with a four-year life and an estimated $16.000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 478,000 units of product during its life. It actually produces the following units: 122,100 in Year 1,124,000 in Year 2, 119,800 in Year 3, 122100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this difference was not predicted. (The...
A machine costing $207,200 with a four-year life and an estimated $16.000 salvage value is installed in Luther Company's factory on January 1. The factory manager estimates the machine will produce 478,000 units of product during its life. It actually produces the following units: 122,100 in Year 1,124,000 in Year 2, 119,800 in Year 3, 122100 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate--this difference was not predicted. (The...
A machine costing $211,200 with a four-year life and an estimated $18,000 salvage value is installed in Luther Company’s factory on January 1. The factory manager estimates the machine will produce 483,000 units of product during its life. It actually produces the following units: 122,700 in Year 1, 123,200 in Year 2, 119,900 in Year 3, 127,200 in Year 4. The total number of units produced by the end of Year 4 exceeds the original estimate—this difference was not predicted....