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can someone please solve the A2 and A3 last year(6)? and C part Check my work Swanson & Hiller, Inc, purchased a new machine on

can someone please solve the A2 and A3 last year(6)? and C part
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Check my work Swanson & Hiller, Inc, purchased a new machine on September 1 of the current year at a cost of $160,000. The machine's estimated useful life at the time of the purchase was five years, and its residual value was $10,000. The company reports on a calendar year basis. Required: a-1. Prepare a complete depreciation schedule, beginning with the current year, using the straight-line method. (Assume that the half year convention is used). 1-2. Prepare a complete depreciation schedule, beginning with the current year, using the 200 percent declining balance method. (Assume that the half-year convention is used). 2-3. Prepare a complete depreciation schedule, beginning with the current year, using the 150 percent declining-balance, switching to straight-line when that maximizes the expense. (Assume that the half-year convention is used) b. Which of the three methods computed in part a is most common for financial reporting purposes? c. Assume that Swanson & Hiller sells the machine on December 31 of the fourth year for $31,000 cash Compute the resulting gain or loss from this sale under each of the depreciation methods used in part a Complete this question by entering your answers in the tabs below. Reg A1 Reg A2 Reg A3 Reg Req Prepare a complete depreciation schedule, beginning with the current year, using the 200 percent declining balance method. (Assume that the half-year convention is used). (Adjust year 6 depreciation, if necessary, so that the total depreciation expense equals depreciable value of the asset. Round your answers to the nearest dollar amount.) Year Depreciation Accumulated Book Value Expense Depreciation 1 $ 32.000 $ 32,000 $ 128,000 2. 51.200 83,200 76,800 3 30,720 113,9201 40.080 18,432 132,352 27,648 11,059 143,411 16.599 4 S ebook Lumpie un questo ing your answers in the tabs below. Print References Reg Al Reg A2 Req A3 Reg B Reqc Prepare a complete depreciation schedule, beginning with the current year, using the 150 percent declining-balance, switching to straight-line when that maximizes the expense. (Assume that the half-year convention is used). (Adjust year 6 depreciation, if necessary, so that the total depreciation expense equals depreciable value of the asset. Round your answers to the nearest dollar amount.) Show less Year 1 2 Depreciation Accumulated Book Value Exponse Depreciation $ 24,000 $ 24,000 $ 136,000 40,800 64,800 95.200 28,560 93,360 66,640 19,992 113,352 46,648 18.324 131,676 28,324 3 4 5 6 used in part a. way you or Answer is not complete. Complete this question by entering your answers in the tabs below. Req A1 Reg A2 Req A3 Reg B Reqc Assume that Swanson & Hiller sells the machine on December 31 of the fourth year for $31,000 cash. Compute the resulting gain or loss from this sale under each of the depreciation methods used in part a. (Use rounded book values for calculations Round your final answers to the nearest whole dollar.) Straight-Line 200 percent declining-balance 150 percent declining balance Loss on disposal Gain on disposal Loss on disposal $ $ OS 19,000 8,350 10,640

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