Question
Depreciation Schedules Dunn Corporation acquired a new depreciable asset for $155,000. The asset has a 5-year expected life and a residual value of zero. Required:
Depreciation Schedules
Dunn Corporation acquired a new depreciable asset for $155,000. The asset has a 5-year expected life and a residual value of zero.
Required:
Question Content Area
1. Prepare a depreciation schedule for all 5 years of the asset's expected life using the straight-line depreciation method. If an amount is zero, enter "0".
End of Year | Depreciation Expense | Accumulated Depreciation | Book Value |
$fill in the blank 3a5729fb2046037_1 | |||
Year 1 | $fill in the blank 3a5729fb2046037_2 | $fill in the blank 3a5729fb2046037_3 | fill in the blank 3a5729fb2046037_4 |
Year 2 | fill in the blank 3a5729fb2046037_5 | fill in the blank 3a5729fb2046037_6 | fill in the blank 3a5729fb2046037_7 |
Year 3 | fill in the blank 3a5729fb2046037_8 | fill in the blank 3a5729fb2046037_9 | fill in the blank 3a5729fb2046037_10 |
Year 4 | fill in the blank 3a5729fb2046037_11 | fill in the blank 3a5729fb2046037_12 | fill in the blank 3a5729fb2046037_13 |
Year 5 | fill in the blank 3a5729fb2046037_14 | fill in the blank 3a5729fb2046037_15 | fill in the blank 3a5729fb2046037_16 |
Question Content Area
2. Prepare a depreciation schedule for all 5 years of the asset's expected life using the double-declining-balance depreciation method. Round all answers to the nearest dollar. If an amount is zero, enter "0".
End of Year | Depreciation Expense | Accumulated Depreciation | Book Value |
fill in the blank 4f76520a5fbd061_1 | |||
Year 1 | fill in the blank 4f76520a5fbd061_2 | fill in the blank 4f76520a5fbd061_3 | fill in the blank 4f76520a5fbd061_4 |
Year 2 | fill in the blank 4f76520a5fbd061_5 | fill in the blank 4f76520a5fbd061_6 | fill in the blank 4f76520a5fbd061_7 |
Year 3 | fill in the blank 4f76520a5fbd061_8 | fill in the blank 4f76520a5fbd061_9 | fill in the blank 4f76520a5fbd061_10 |
Year 4 | fill in the blank 4f76520a5fbd061_11 | fill in the blank 4f76520a5fbd061_12 | fill in the blank 4f76520a5fbd061_13 |
Year 5 | fill in the blank 4f76520a5fbd061_14 | fill in the blank 4f76520a5fbd061_15 | fill in the blank 4f76520a5fbd061_16 |
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