Question
Estimating Depreciation Expense and Book Value Equipment costing $29,000, with a scrap value of $5,000 was purchased on January 1, by Global Communications, Inc. The
Estimating Depreciation Expense and Book Value Equipment costing $29,000, with a scrap value of $5,000 was purchased on January 1, by Global Communications, Inc. The estimated useful life of the equipment was 4 years and it was expected to generate 80,000 finished units of production.
Units actually produced were 14,000 in Year 1 and 20,000 in Year 2.
Required
Complete the following table.
| Straight-line | $Answer | $Answer | $Answer | $Answer | |
| Double-declining-balance | $Answer | $Answer | $Answer | $Answer | |
| Units-of-production | $Answer | $Answer | $Answer | $Answer |
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Cost Accounting Principles And Applications
Authors: Horace Brock, Linda Herrington, La Vonda Ramey
7th Edition
0071115609, 978-0071115605
