AutoSave OFF Home Insert Draw Poste X v Page Layout Formulas Datal Review View Tell me Calibri (Body) v 11 ' ' B I U v G A v M7 : x fx B C D E F G H | A 1 2 101 #5 Assignment Share Comments Wras Text Custom v Merge & Center $ % 9 00 Cell Conditional Format Formatting as Table Styles Insert Delete Format Sort & v Filter Find & Select Analyze Data Answers K L M N 0 P Orginal cost Residual value Depreciable base Date Straight line depreciation Calculation Dep Exp Acc Dep BV 4 5 Date Double declining balance Calculation Dep Exp Acc Dep BV 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Calvin's Cropcrushers On January 5, 2018 Calvin's Cropcrushers, Inc. purchased crop crushing equipment for which the following information is available: Original cost......... Estimated residual value....... Useful life in years........ Useful life expressed in operating hours Calculate the following The depreciable base. The annual depreciation using the straight line method. The accumulated depreciation at December 31, 2019 (end of second year) if straight line (S/L) depreciation is used. The book value of the equip. on Dec. 31, 2019 ifS/L deprec. is used The depreciation for year 2020 assuming the equipment is sold on May 31, 2020 and the straight line method is used. The book value of the equip. on May 31, 2020 if5/L deprec. is used The amount of the gain or loss (INDICATE GAIN or LOSS and AMOUNT) resulting if the equipment is sold for -> $ on May 31, 2020 and S/L depreciation is used. 1,301,563 The SECOND year (2019) depreciation if double declining balance is used. The accumulated depreciation at December 31, 2019 (end of second year) if double declining balance (DDB) is used. The book value of the equipment on December 31, 2019 assuming double declining balance is employed. The depreciation for year 2020 assuming the equipment is sold on September 30, 2020 and double declining balance is used. $1,900,000 $250,000 B 20,000 years hours 1 2 3 6 7 10 11 41 42 12 43 The gain or loss (INDICATE WHICH) which would result if the equip. is sold for --> $ 12 908,359 on Sept. 30, 2020 and DDB is used. 44 45 13 The SECOND year (2019) depreciation if sum of the years digits is used 13 46 Problem #12 Problem #13 + Ready B Sum of the years digits Date Calculation Dep Exp Acc Dep BY 9 R S 99%