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DEPREC Depreciation Data Section Cost of asset $350,000 Estimated salvage value $30,000 Estimated useful life in years 4 Estimated life in units (miles, etc.)* 100,000
DEPREC | ||||
Depreciation | ||||
Data Section | ||||
Cost of asset | $350,000 | |||
Estimated salvage value | $30,000 | |||
Estimated useful life in years | 4 | |||
Estimated life in units (miles, etc.)* | 100,000 | |||
*Estimated | ||||
Year | Units | |||
1 | 30,000 | |||
2 | 20,000 | |||
3 | 40,000 | |||
4 | 10,000 | |||
5 | 0 | |||
6 | 0 | |||
7 | 0 | |||
8 | 0 | |||
Answer Section | ||||
Depreciation Expense | ||||
Double | ||||
Straight | Units of | Declining | ||
Year | Line | Production | Balance | |
1 | FORMULA5 | FORMULA9 | ||
2 | FORMULA6 | FORMULA10 | ||
3 | FORMULA7 | FORMULA11 | ||
4 | FORMULA8 | FORMULA12 | ||
5 | 0 | 0 | 0 | |
6 | 0 | 0 | 0 | |
7 | 0 | 0 | 0 | |
8 | 0 | 0 | 0 | |
Total | $0 | $0 | $0 |
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