DEPRECIATION CALCULATIONS. Assume that a depreciable asset was put into service on January 1, 19x1. The following

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DEPRECIATION CALCULATIONS. Assume that a depreciable asset was put into service on January 1, 19x1. The following information is available for that asset:

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REQUIRED:
1. Compute straight-line, sum-of-the-years’-digits, double declining balance, and usage depreciation for 19x1.
2. If usage is 2,050 hours in 19x2, compute straight-line, sum-of-the-years’-digits, double declining balance, and usage depreciation for 19x2.
3. Compute straight-line, sum-of-the-years’-digits, and double declining balance depreciation for 19x7 and 19x8.

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Financial Accounting

ISBN: 9780070213555

5th Edition

Authors: Robert K. Eskew, Daniel L. Jensen

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