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Application Problem 19-2 Jan. 4 Mar. 30 Aug. 2 Bought a freezer costing $15,000.00; estimated salvage value, $600.00; estimated useful life, 6 years; plant
Application Problem 19-2 Jan. 4 Mar. 30 Aug. 2 Bought a freezer costing $15,000.00; estimated salvage value, $600.00; estimated useful life, 6 years; plant asset No. 561; serial number, 674-653B. Bought a conference table (office equipment), $3,000.00; estimated salvage value, $250.00; estimated useful life, 5 years; plant asset No. 562; serial number, FX27J482. Bought a microwave oven (store equipment), $2,200.00; estimated salvage value, $100.00; estimated useful life, 5 years; plant asset no. 563; serial number, 7-ST1-003. DEPRECIATION TABLE Plant asset: Freezer Depreciation method: Straight-line Estimated salvage value: $600.00 Estimated useful life: 6 years Original cost: $15,000.00 Date bought: Jan. 4 Year Beginning Book Value Annual Depreciation Accumulated Depreciation Ending Book Value 1 $15,000.00 S 2 3 4 5 6
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