Homework Answers
Answer
|
Year |
Beginning Book Value |
Depreciation rate |
Annual Depreciation |
Accumulated Depreciation |
Year end Book Value |
|
1 |
$ 270,000.00 |
50.00% |
$ 135,000.00 |
$ 135,000.00 |
$ 135,000.00 |
|
2 |
$ 135,000.00 |
50.00% |
$ 67,500.00 |
$ 202,500.00 |
$ 67,500.00 |
|
3 |
$ 67,500.00 |
50.00% |
$ 33,750.00 |
$ 236,250.00 |
$ 33,750.00 |
|
4 |
$ 33,750.00 |
$ 2750.00 |
$ 239,000.00 |
$ 31,000.00 |
|
|
TOTALS |
$ 239,000 |
- Workings
|
A |
Cost |
$ 270,000.00 |
|
B |
Residual Value |
$ 31,000.00 |
|
C=A - B |
Depreciable base |
$ 239,000.00 |
|
D |
Life [in years] |
4 |
|
E=C/D |
Annual SLM depreciation |
$ 59,750.00 |
|
F=E/C |
SLM Rate |
25.00% |
|
G=F x 2 |
DDB Rate |
50.00% |
|
Year |
Beginning Book Value |
Depreciation rate |
Depreciation expense |
Ending Book Value |
Accumulated Depreciation |
|
1 |
$ 270,000.00 |
50.00% |
$ 135,000.00 |
$ 135,000.00 |
$ 135,000.00 |
|
2 |
$ 135,000.00 |
50.00% |
$ 67,500.00 |
$ 67,500.00 |
$ 202,500.00 |
|
3 |
$ 67,500.00 |
50.00% |
$ 33,750.00 |
$ 33,750.00 |
$ 236,250.00 |
|
4 |
$ 33,750.00 |
$ 2750.00 |
$ 31,000.00 |
$ 239,000.00 |
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Required information Use the following information for the Exercises below. [The following information applies to the q...
Required information Use the following information for the Exercises below. The following information applies to the...
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below In early January 2017, NewTech purchases computer equipment for $257,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000. Exercise 8-7 Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Straight-Line Depreciation Annual Depreciation Expense Choose Denominator: Choose Numerator: Depreciation...
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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] In early January 2017 NewTech purchases computer equipment for $265,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $29,000. Exercise 8-8 Double-declining-balance depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming double-declining balance depreciation. (Enter all amounts positive values.) ces Depreciation for the...
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Use the following information for the Exercises below. The following information applies to the questions displayed...
Use the following information for the Exercises below. The following information applies to the questions displayed below) NewTech purchases computer equipment for $272,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $20,000 Exercise 10-8 Double-declining-balance depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming double-declining balance depreciation (Enter all amounts positive values.) Depreciation for the Period End of Period Year End Year...
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