Fixed Asset Listing:

Class

Date: 20XX Description Life Convention Cost

4/13/01 Warehouse 39 620,000

7/22/03 Plant 39 1,674,000

1/6/10 Barge 323,000

1/20/10 Computer 62,300

11/20/10 Equipment 107,800

5/6/11 Equipment 126,400

5/22/11 Furniture 12,000

7/30/11 Truck 44,200

1/18/12 Tugboat 586,000

9/13/12 Computers 35,600

12/4/12 Equipment 53,600

8/21/13 Computers 44,600

2/17/14 Furniture 15,900

3/9/14 Furniture 6,700

10/22/14 Truck 39,800

2/23/15 Equipment 94,300

6/5/15 Computer 120,000

1/22/16 Equipment 42,300

11/13/16 Furniture 17,200

12/8/16 Equipment 30,000

Do some research on determining the useful life of an asset. Use this research to select a useful life. Also, make some decisions on the salvage value.

Use the worksheet in this assignment to gather information on the assets of this business.

• You must include all assets above. Add rows as needed.
• Assume we are at January 1, 2020 - so you will need to calculate previous depreciation.
• Some assets should have a reasonable salvage value.
• Each of three methods should be used equally.

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