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Depreciation must be recorded for the entire year given the following information: Assets Acquisition Date Cost Estimated Life Salvage Building 11/15/07 $1,100,000 25 years $100,000
Depreciation must be recorded for the entire year given the following information: Assets Acquisition Date Cost Estimated Life Salvage Building 11/15/07 $1,100,000 25 years $100,000 Star ship #1 4/1/09 $60,000 55,000 parsecs $5,000 Star ship #2 9/1/11 $80,000 140,000 parsecs $10,000 Star Destroyer #2 3/29/09 $205,400 10 years $5,400 Star Destroyer #3 9/16/10 $217,465 10 years $17,465 Office Equipment 11/15/11 $891,500 10 years $0 Supercomputer 12/18/14 $38,000 4 years $5,000 (note: the company takes 1/2 year's depreciation in the year of acquisition) Depreciation Method straight-line units of production (parsecs) (6,500 parsecs this yr.) units of production (parsecs) (11,000 parsecs this yr.) straight-line straight-line Double Dedining Balance Double Declining Balance Round to the nearest dollar for total depreciation. Star ships and Star Destroyers are considered star ships on the balance sheet. Office Equipment and the Supercomputer are considered equipment on the balance sheet. The above list does not include the Star Destroyer that was sold in December The office equipment has been depreciated up to the beginning of this year. You will need to calculate this year's depreciation. Note the beginning accum depr balance, as you will need it to calculate this year's double-dedining balance depr
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