Question
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
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 $______
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