Question
Calculate the depreciation for the following scenarios. Bought a piece of equipmentcosting$30,000,witha salvage value of$10,000. a)Figure depreciation using SL depreciation, assuming a 10 year life.
Calculate the depreciation for the following scenarios.
Bought a piece of equipmentcosting$30,000,witha salvage value of$10,000.
a)Figure depreciation using SL depreciation, assuming a 10 year life.
b)Figure the units ofproduction(activity)depreciation.Assumingthat total units will be100,000.
Year1-20,000units
Year2-30,000units
c)Figure the double declining balance depreciation for year one and year two.Assuming a4year life.
d)Figure partial year depreciation figuring that the equipment was purchased on October 1 - using SL Method
e)Prepare the Depreciation Journal Entry for $3000.
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