Use the plant asset record from Application Problem 8-1. Using the straight-line method, complete a depreciation table for each of the plant assets bought by Mannings, Inc.

Data from Problem 8-1

Mannings, Inc. uses three plant asset accounts: Office Equipment, Store Equipment, and Warehouse Equipment.

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Transactions: Jan. 2. Paid cash for office file cabinet (plant asset no. 1), $500.00: estimated salvage value, $50.00; estimated useful life, five years; serial no. FC2467. C130. Jan. 3. Bought office word processor (plant asset no. 2) on account from Darst, Inc., $400.00: no estimated salvage value; estimated useful life, five years; serial no. X4672Y101. M11. Apr. 4. Bought hand truck (plant asset no. 3) for warehouse on account from Boeser, Inc., $100.00: estimated salvage value, $25.00; estimated useful life, five years; serial no. 23D4689. M24. May 1. Paid cash for used truck (plant asset no. 4) to be used between warehouses, $8,500.00: estimated salvage value, $1,000.00; estimated useful life, five years; serial no. 45J3257XF29. C210. July 1. Paid cash for store shelving (plant asset no. 5), $500.00: estimated salvage value, $25.00; estimated useful life, 10 years; no serial no. C250.