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Chapter 9 Comprehensive Problems Part 3 of 4 Points: 6.41 of 27 Alice and Zeger Walworth are continuing to review business practices. Currently, they are
Chapter 9 Comprehensive Problems Part 3 of 4 Points: 6.41 of 27 Alice and Zeger Walworth are continuing to review business practices. Currently, they are reviewing the company's property, plant, and equipment and have gathered the folowing information: (Click the icon to view the information) Read the requirements Asset ACQUISIDON Date: Esumated Cost Life Resigual Value Computer Mar 2, 2025 Office Furniture Mar 3, 2025 4,500 3,820 5 years 9001 Depreciation Method 008 Depreciation Expense 150 7 years 1,300 SL 30 Data table Requirement 2. For each asset, determine the book value as of December 31, 2024 Then, calculate the depreciation expense for the first six months Begin by completing the table by entering the amounts for 2024 for the assets placed in service during 2024 In the following step we will compete the answer boxes Enter a "" for any zaro balances. Abbreviations used Accum Accumulated, Dep Depreciation, Exp. Expense.) Canoes Asset Land Acquisition Date Nov 1, 2024 Dec 1, 2024 Cost Estimated Life Estimated Residual Value Depreciation Method S 3.840 4 years D SL 90,000 wa Building Dec 1, 2024 18.0031 5years 003 S Canoes De 2, 2024 760 1 years 0 SI Computer Mar 2 2025 4,500 3 years 900 DOB Office Furniture Mar 3, 2025 3020 / 1.3001 SL 90,000 1 St Shaight ane; DDR Double-derining balance 2024 Asset Acquisition Date Cost Depr Expense Accum. Depr. Dec. 31, Book 2025 Accum Value Depr. Exp. Depr Book Value Dec. 31, Through Jun 30, Jun 30, 2024 2024 Jun. 30 2025 2026 Canoes Land Nov 3,2024 S 3.840 S 160 S 160 5 3,680 480 640 3200 Dec 1,2024 90,000 0 90,000 0 0 Building Duc 1,2024 48,000 700 700 47.300 4,200 4,900 43 100 Cance Dec 2.2024 5,760 120 120 5,640 720 840 1.020 Computer Mar 2, 2025 4,500 Office Furniture Mar 3, 2025 3120 43F Cloudy Print Done Clear all Final check A ENG 11:05 AM 4/8/2022
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