Jackel Industries presents you with the following information. Instructions Complete the table for the year ended December
Question:
Jackel Industries presents you with the following information.
Instructions
Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention.
Transcribed Image Text:
Accumulated Salvage Life in Depreciation Depreciation Depreciation Date Description Purchased 2/12/20 Machine A Value to 12/31/21 $33,350 29,000 (e) for 2022 (b) (d) Years Method (a) Cost $142,500 $16,000 21,000 23,500 5 10 Machine B 8/15/19 (c) SL 5 7/21/18 Machine C 75,400 219,000 DDB Machine D 10/15/(g) (h) 69,000 SYD 70,000
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a b Method used must be SYD Using SYD 2022 Depreciation is 19550 126500 X 955 X 12 c Machine B x Com...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 978-1119503668
17th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfiel
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