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		Computers			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		Computers			120,000
1/22/16		Equipment			42,300
11/13/16		Furniture			17,200
12/8/16		Equipment			30,000

You will be completing this work as though you were doing the work for the companys financial statements not the tax return.

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.

• You do not need to complete (unless you want to) physical location, asset number, or serial number.

• Submit the asset management worksheet to the assignment link.

• Submit a summary, in a Word document, of your research, the decisions you made, and what you learned about this assignment.