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I need assistance completing my Homework, Exercise 5Apx-1A; Exercise 5Apx-2A; Exercise 5Apx-3A; Exercise 5Apx-4A?!?!?! SERIES A EXERCISES E 5Apx-1A (01) STRAIGHTLINE DEPRECIATION A small delivery
I need assistance completing my Homework, Exercise 5Apx-1A; Exercise 5Apx-2A; Exercise 5Apx-3A; Exercise 5Apx-4A?!?!?!
SERIES A EXERCISES E 5Apx-1A (01) STRAIGHTLINE DEPRECIATION A small delivery truck was purchased on January Accum, depr end of Yr. 2:s10.000 1 at a cost of $25,000. It has an estimated useful life of four years and an estimated sa vage value of $5,000. Prepare a depreciation schedule owing the depreciation expense, accumulated depreciation, and book value for each year under the straight-line method. E 5Apx-2A (LO2) SUM OF THE YEARS DIGITS DEPRECIATION Using the information given in Accum, depr end of Yr. 2: $14,000 Exercise 5Apx-1A, prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the sum-of-the-years' digits method. DOUBLE DECLINING BALANCE DEPRECIATION Using the information given in 5Apx-3A (LO3) Accum, depr end of Yr 2:$18,7so Exercise 5Apx-1A, prepare a depreciation schedule showing the depreciation expense accumulated depreciation, and book value for each year under the double-declining balance method. MODIFIED ACCELERATED COST RECOVERY SYSTEM Using the information Apx-4A (LO4) ecum, depr, end of Yr. 2:$13,000 given in Exercise 5Apx-1A and the rates shown in Figure 5A-4, prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the Modified Accelerated Cost Recovery System. For tax purposes, assume that the truck has a useful life of five years The IRS schedule will spread depreciation over six years.) Step by Step Solution
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