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9-10A Calculating depreciation; partial year's depreciation LO2, 3 At December 31, 2020, Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule
9-10A Calculating depreciation; partial year's depreciation LO2, 3 At December 31, 2020, Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule below. Halfax calculates depreciation to the nearest whole month 1 There have been no disposals or betterments since the date of purchase. 2 Actual kilometres driven were: 2020, 14,000; 2021, 68,000. Required: Complete the schedule. (Do not round intermediate calculations, Round the final answers to the nearest whole dollers.) Description Office Equip Machinery Truck Date of Purchase Cost information Depreciation Method Cost! Residual Life Balance of Accum, Deprec Dec. 31, 2020 Nov 13/20 Straight-line Double-declining-balance Units of production $ 64.000 $ 12,000 24,000 245,000 10 y 124,000 18,000 400,000 sq. km2) March 27/17 June 4/17 Depreciation Depreciation Balance of Expense for Accmu Deprec 20211 Dec 31, 2021
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