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complete the table in exercise 11-7 please with explanation. ld Sum-of-the-years-digits method for 2019, (e) Double-declining-balance method for 2018. E11-7 (L01,2) (Different Methods of Depreciation)
complete the table in exercise 11-7 please with explanation.
ld Sum-of-the-years-digits method for 2019, (e) Double-declining-balance method for 2018. E11-7 (L01,2) (Different Methods of Depreciation) Jackel Industries presents y ents you with the following information Accumulated Depreciation Depreciation Date Salvage Life in Deprem for 2019 Description Purchased Cost Value Years Method (b) Machine A 2/12/17 $142,500 $16,000 (d) Machine B 8/15/16 (c) 21,000 SL (e) f) Machine C 7/21/15 75,400 23,500 DDB 70,000 th) Machine D 10/12/(g) 219,000 69,000 SYD to 12/31/18 $33,350 29,000 10 Instructions Complete the table for the year ended December 31, 2019. The company depreciates all assets using tes all assets using the half-year convention E11-8 (L01,2) (Depreciation Computation Replacement. Nonmonetary Exchange) George Zidek Corporation bouche machine on June 1, 2015, for $31,000, f.o.bthe place of manufacture. Freight to the point where it was set up was $200, and in was expended to install it. The machine's useful life was estimated at 10 vears, with a salvage value of 52,300. On June 1.2 an essential part of the machine is replaced, at a cost of $1,980, with one designed to reduce the cost of operating the machine The cost of the old part and related depreciation cannot be determined with any accuracyStep by Step Solution
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