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b. Prepare a schedule showing depreciation expense for 2016 and 2017 and the book value of the asset at the end of 2016 and 2017
b. Prepare a schedule showing depreciation expense for 2016 and 2017 and the book value of the asset at the end of 2016 and 2017 for the activity method based on hours worked LORD COMPANY Depreciation Schedule Beginning Ending 2016 C. Prepare a schedule showing depreciation expense for 2016 and 2017 and the book value of the asset at the end of 2016 and 2017 for the activity method based on units of output. LORD COMPANY Depreciation Schedule Activity method: Units of output Beginning Book Value Depreciation Book Value 2016 ANIS d. Prepare a schedule showing depreciation expense for 2016 and 2017 and the book value of the asset at the end of 2016 and 2017 for sum-of-the-years'-digits methods. Round your answers to the nearest dollar. LORD COMPANY Depreciation Schedule Beginning Book Value Depreciation Book Value Ending 2016 e. Prepare a schedule showing depreciation expense for 2016 and 2017 and the book value of the asset at the end of 2016 and 2017 for double-declining-balance methods. Round your answers to the nearest dollar. LORD COMPANY Depreciation Schedule Ending Beginning Book Value Depreciation Book Value 2 quickly in the early periods of the asset's useful life. is affected primarily by the amount the asset is used methods are appropriate when a company estimates that the service potential of the asset will decline more methods are appropriate when the service life of an asset
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