Question

ustries presents you with the បរ”htnin / rahe entry E11.7 (LO 1, 2) (Different Methods of Depreciation) Jackel Industries presents you following information. Accumulated Date Salvage Life in Depreciation Depreciation Depreciatio Description Purchased Cost Value Years Method to 12/31/21 for 2022 Machine A 2/12/20 $142,500 $16,000 10 (a) $33,350 (b) Machine B 8/15/19 (c) 21,000 5 SL 29,000 Machine C 7/21/18 75,400 23,500 8 DDB (f) Machine D 10/15/(g) 219,000 69,000 5 SYD 70,000 (h) 101, 2) (Der muy comp the end of the Lucy in 2004, ana that the rema both addition w Instructions Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. 1, it is deter years beyon

Answer 1

Please find the below table useful to compute desired results: -

A B C E F H Life in Years Depreciation Method SYD Accumulated Depreciation to Depreciation for 2022 Sum of year digit 12/31/21 33350 =(C2-D2)/12*(9+8)/2 =E2*(E2+1)/2 29000 =G3/2.5 =SUM(DS:Dll) 4333 70000 =(C5-D5)/15*(3+4)/2 =E5*65+1)/2 8 Description Date Purchased Cost Salvage Value 1 2 Machine A 02/12/20. 142500 16000 3 Machine B 08/15/19. =H3*E3+D3 21000 4 Machine C 01/21/18. 75400 23500 5 Machine D 10/15/19. 219000 69000 Calculation of Depreciation for DDB Depreciation rate 1=1/64*2 8 2018 =C4*D7*0.5 9 2019 =(C4-D8)*D7 10 2020 =(C4-D8-D9)*D7 11 2021 =(C4-D10-D9-D8)*D7 DDB SYD

End results would appear as follows: -

B C D E F I Sum of year digit Description Date Purchased Cost Salvage Value Life in Years Depreciation Method 1 G H Accumulated Depreciation Depreciatio to 12/31/21 n for 2022 33,350 19,550 29.000 11.600 47,567 4,333 70,000 35,000 55 16.000 21,000 23,500 69,000 10 SYD 5 SL 8 DDB 5 SYD 2 Machine A 02/12/20. 142.500 3 Machine B 08/15/19. 79,000 4 Machine C 01/21/18. 75,400 5 Machine D 10/15/19. 219.000 Calculation of Depreciation for DDB Depreciation rate 2018 2019 2020 2021 0.250 9,425 16.494 12.370 9,278