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Anhar Shbaita ACCG 70017 Financial Accounting 2: ACCG70017 Financial Accounting 2 Winter 2019 SRodgers Module 1 Assignment instructions | help Question 1 (of 6)Question 2
Anhar Shbaita
ACCG 70017 Financial Accounting 2: ACCG70017 Financial Accounting 2 Winter 2019 SRodgers
| Module 1 Assignment | instructions | help |
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At December 31, 2017, Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule below. Halifax calculates depreciation to the nearest whole month. Required: Complete the schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollars.) 1 There have been no disposals or subsequent capital expenditures since the date of purchase. 2 Actual kilometres driven were: 2017, 14,000; 2018, 68,000.
| description | Date of purchase | Method | cost | residual | Life | Balance of Accum. Deprec. Dec 31 2017 | Depreciation Expense for 2018
| Deprec Dec. 31, 2018
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| Office Equip | March 27/14 | Straight-line | $84,000 | $14,000 | 10 yr. |
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| Machinery | June 4/14 | Double-declining-balance | 315,000 | 34,000 | 6yr |
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| Truck | Nov. 13/17 | Units-of-production | 174,000 | 28,000 | 400,000 sq. |
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