Homework Answers
Since the units of production for the years not given, I have taken 1500 Units for each year.
| Units-of-Production Depreciation Schedule | ||||||||
| Depreciation for the Year | ||||||||
| Asset | Depreciation | Number of | Depreciation | Accumulated | Book | |||
| Date | Cost | Per Unit | Units | Expense | Depreciation | Value | ||
| 1/2/2018 | $ 21,000 | $ 21,000 | ||||||
| 12/31/2018 | $ 3 | x | 1,500 | = | $ 4,500 | $ 4,500 | $ 16,500 | |
| 12/31/2019 | $ 3 | x | 1,500 | = | $ 4,500 | $ 9,000 | $ 12,000 | |
| 12/31/2020 | $ 3 | x | 1,500 | = | $ 4,500 | $ 13,500 | $ 7,500 | |
| 12/31/2021 | $ 3 | x | 1,500 | = | $ 4,500 | $ 18,000 | $ 3,000 | |
| 6,000 | ||||||||
| Depreciation per Unit = (Original Cost- Salvage Value)/ Estimated Life | ||||||||
| =(21000-3000) / 6000 Hour = $3 | ||||||||
| Units-of-Production Depreciation Schedule | ||||||||
| Depreciation for the Year | ||||||||
| Asset | Depreciation | Number of | Depreciation | Accumulated | Book | |||
| Date | Cost | Per Unit | Units | Expense | Depreciation | Value | ||
| 43102 | 21000 | =B5 | ||||||
| 43465 | 3 | x | 1500 | = | =C6*E6 | =G6 | =I5-G6 | |
| 43830 | 3 | x | 1500 | = | =C7*E7 | =H6+G7 | =I6-G7 | |
| 44196 | 3 | x | 1500 | = | =C8*E8 | =H7+G8 | =I7-G8 | |
| 44561 | 3 | x | 1500 | = | =C9*E9 | =H8+G9 | =I8-G9 | |
| =SUM(E6:E9) | ||||||||
| Depreciation per Unit = (Original Cost- Salvage Value)/ Estimated Life | ||||||||
| =(21000-3000) / 6000 Hour = $3 | ||||||||
Please update the production units for each year
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Requirement 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for...
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1. Prepare a schedule of depreciation expense, accumulated
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depreciation schedules must be prepared.
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depreciation schedules must be prepared.
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operated for 300hrs yr1, 900hrs yr2, 1,200hrs yr3, and 600hrs
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please explain why the useful life is like that aswell
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