F40 T A 1 2 3 4 D Calvin's Cropcrushers On January 5, 2018 Calvin's Croperushers, Inc. purchased erop crushing equipment for which the following information is available: 6 Original cost.... B Estimated residual value...... $2,300,000 $200,000 9 Useful life in years.... 10 10 Useful life expressed in operating hours 20,000 years hours 11 12 Calculate the following 13 1 The depreciable base. 14 15 2 The annual depreciation using the straight line method. 16 19 3 10 The accumulated depreciation at December 31, 2019 (end of second year) if straight line (5/L) depreciation is used. 19 20 4 The book value of the equip. on Dec. 31, 2019 if 5/1 deprec. is used 21 22 5 The depreciation for year 2020 assuming the equipment is sold on April 30, 2020 and the straight line method is used. Problem #12 Problem #13 G H N Answers 65,455 2 210,000 1,403,636 592,727 327,273