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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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