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+ Ch 11: Homework Question 7 of 7 View Policies Current Attempt in Progress Waterway Industries Ltd., a public company, presents you with the following
+ Ch 11: Homework Question 7 of 7 View Policies Current Attempt in Progress Waterway Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to decimal places, e.g. 5,275.) Accui Residual Life in Depr Description Date Purchased Depreciation Method Cost Value Years Dec. : Machine A Dec. 2,2022 $145,000 $16,000 10 Machine B Aug. 15, 2021 22,000 5 Straight-line Machine C July 21, 2020 72,600 24,000 8 Double-declining-balance Waterway Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to O decimal places, e.g. 5,275.) Residual Value Life in Years Depreciation Method Accumulated Depreciation to Dec. 31, 2023 Depreciation for 2024 145,000 $16,000 10 $40,600 $ 22,000 5 Straight-line 26,000 72,600 24,000 8 Double-declining-balance + Ch 11: Homework Question 7 of 7 View Policies Current Attempt in Progress Waterway Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to decimal places, e.g. 5,275.) Accui Residual Life in Depr Description Date Purchased Depreciation Method Cost Value Years Dec. : Machine A Dec. 2,2022 $145,000 $16,000 10 Machine B Aug. 15, 2021 22,000 5 Straight-line Machine C July 21, 2020 72,600 24,000 8 Double-declining-balance Waterway Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to O decimal places, e.g. 5,275.) Residual Value Life in Years Depreciation Method Accumulated Depreciation to Dec. 31, 2023 Depreciation for 2024 145,000 $16,000 10 $40,600 $ 22,000 5 Straight-line 26,000 72,600 24,000 8 Double-declining-balance
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