grwobics service co

2014 2015 2016 2017 2018 560,000 490,000 430,000 350,000 210,000 Total 2,040,000 The copier was sold at the end of 2018 for $7,600. value: 1.00 points Required a. Compute the depreciation expense for each of the five years, using double-declining-balance depreciation. (Leave no cells blank - be certain to enter "0" wherever required.) Double-Declining Balance $ 18,800 11,280 2014 2015 2016 2017 $ $ $ 6,768 3,152 0 2018 $ 2.00 points Required b. Compute the depreciation expense for each of the five years, using units-of-production depreciation. (Round cost per unit to three decimal places.) 2014 Units-of- Production $ 11,200 $ 9,800 $ 8,600 2015 2016 2017 $ 7,000 2018 eBook & Resources eBook: LO 6-3 Explain how different depreciation methods affect financial statements. eBook: LO 6-4 Determine how gains and losses on disposals of long-term operational assets affect financial staten Check my work 3. value: 1.00 points c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Amount Effect Depreciation Methods Double-Declining Balance Units-of-Production 2014 2015 2016 2017 2018 560,000 490,000 430,000 350,000 210,000 Total 2,040,000 The copier was sold at the end of 2018 for $7,600. value: 1.00 points Required a. Compute the depreciation expense for each of the five years, using double-declining-balance depreciation. (Leave no cells blank - be certain to enter "0" wherever required.) Double-Declining Balance $ 18,800 11,280 2014 2015 2016 2017 $ $ $ 6,768 3,152 0 2018 $ 2.00 points Required b. Compute the depreciation expense for each of the five years, using units-of-production depreciation. (Round cost per unit to three decimal places.) 2014 Units-of- Production $ 11,200 $ 9,800 $ 8,600 2015 2016 2017 $ 7,000 2018 eBook & Resources eBook: LO 6-3 Explain how different depreciation methods affect financial statements. eBook: LO 6-4 Determine how gains and losses on disposals of long-term operational assets affect financial staten Check my work 3. value: 1.00 points c. Calculate the amount of gain or loss from the sale of the asset under each of the depreciation methods. Amount Effect Depreciation Methods Double-Declining Balance Units-of-Production