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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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Financial Accounting Information For Decisions
Authors: Robert w Ingram, Thomas L Albright
6th Edition
9780324313413, 324672705, 324313411, 978-0324672701
