1) Cost of assets: $245,252

Estimated Useful life: 10 years

Estimated Total Units of activity : 38,927 units

Estimated Salvage value: $ 9,964

Units of Production in Year 1 : 3,686 units

Units of Production in Year 2 : 5,057 units

Units of Production in Year 3 : 6,215 units

Units of activity method: Accumulated depreciation at the end of year 3 is $____________

2) Cost of assets: $296,623

Estimated Useful life: 5 years

Estimated Total Units of activity : 10,000 units

Estimated Salvage value: $ 888

Units of Production in Year 1 : 500 units

Straight line method: Accumulated depreciation at the end of year 3 is $_____________

3) Cost of assets: $269,720

Estimated Useful life: 5 years

Estimated Total Units of activity : 10,000 units

Estimated Salvage value: $ 1000

Units of Production in Year 1 : 500 units

Double Declining Balance method: depreciation expense for year 1 is $_______________

4) Cost of assets: $209,879

Estimated Useful life: 9 years

Estimated Total Units of activity : 10,000 units

Estimated Salvage value: $ 783

Units of Production in Year 1 : 500 units

Straight line method: depreciation expense for year 1 is $__

5) Cost of assets: $104,081

Estimated Useful life: 5 years

Estimated Total Units of activity : 10,000 units

Estimated Salvage value: $ 883

Units of Production in Year 1 : 500 units

Straight line method is adopted :

Gain or Loss on disposal if the sales proceeds is $80,045 at the end of year 2 ______

6) Cost of assets: $277,552

Estimated Useful life: 5 years

Estimated Total Units of activity : 10,000 units

Estimated Salvage value: $ 1000

Units of Production in Year 1 : 500 units

Double Declining Balance method: Net Book Value at the end of year 3 is $______

Show solution