1. On the Depreciation Summary worksheet, how do you explain the difference between Total Cost and the Total Accumulated Depreciation in 2019?

2. If the salvage value was decreased for Asset 1002, what affect would there be on depreciation expense? What affect on the Accumulated Depreciation?

3. Of the three depreciation methods, which is the most accelerated method?

4. How could a company use the Depreciation Summary and accompanying depreciation schedules to assist them with financial reporting?

Asset	Date Acquired	Cost	Deprec. Method	2015 Deprec.	2015 Acc. Deprec.	2016 Deprec.	2016 Acc. Deprec.	2017 Deprec.	2017 Acc. Deprec.	2018 Deprec.	2018 Acc. Deprec.	2019 Deprec.	2019 Acc. Deprec.
Display Cases	1/1/2015	$ 15,000	DDB	$6,000	$6,000	$3,600	$9,600	$2,160	$11,760	$1,620	$13,380	$2,160	$15,000
Chairs	1/1/2015	$ 5,000	S/L	$800	$800	$800	$1,600	$800	$2,400	$800	$3,200	$800	$4,000
Small Equipment	1/1/2015	$ 5,000	SYD	$1,500	$1,500	$1,200	$2,700	$900	$3,600	$600	$4,200	$300	$4,500
Total		$ 25,000		$8,300	$8,300	$5,600	$13,900	$3,860	$17,760	$3,020	$20,780	$3,260	$23,500