Determine the annual depreciation expense for each of the estimated $5$ years of use, the accumulated

$d_{-r}$ HW $4$ assignment take frame, $,$ ear, and the book value of the equipment at the end of each year by $($a$)$ the

straight$-$line method and $($b$)$ the double$-$declining$-$balance method.

a$.$ Straight$-$line method

Additional Instruction b$.$ Double$-$declining$-$balance method On March $4.$ inurnalize the entry to record the sale, assuming the manager chose the double$-$declining$-$balance method.

HW $4$ assignment take frame

General Journal Instructions

PAGE $1$ HW $4$ assignment take frame $\text{'}$to record the sale in $(2),$ assuming that the equipment was sold for $$93,349$ instead of $$140,199.$

General Journal Instructions

PAGE $1$Instructions

New lithographic equipment, acquired at a cost of $$843,200$ on March $1$ at the beginning of a fiscal

year, has an estimated useful life of $5$ years and an estimated residual value of $$94,860.$ The

manager requested information regarding the effect of alternative methods on the amount of

depreciation expense each year.

In the first week of the fifth year, on March $4,$ the equipment was sold for $$140,199.$

Required:

Determine the annual depreciation expense for each of the estimated $5$ years of use, the

accumulated depreciation at the end of each year, and the book value of the equipment

at the end of each year by $($a$)$ the straight$-$line method and $($b$)$ the double$-$declining$-$

balance method.

Journalize the entry to record the sale, assuming the manager chose the double$-$

declining$-$balance method.

Journalize the entry to record the sale in $(2),$ assuming that the equipment was sold for

$$93,349$ instead of $$140,199.$