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I need help Calculating the depreciation expense for the first year 2019 using each of the following depreciation methods: (a) straight-line, (b) double-declining balance, and
I need help Calculating the depreciation expense for the first year 2019 using each of the following depreciation methods: (a) straight-line, (b) double-declining balance, and (c) units-of-production
Sheet 1: Directions You should choose your group members. There should be no more than three students per group. Calculate the depreciation expense for the first year 2019 using each of the following depreciation methods: (a) straight-line, (b) double-declining balance, and (c) units-of-production. Sheet 2: Straight Line DATE LAND ACQ COST Bloomsburg, PA 01-02-13 35,250 35,250,00 DATE Estimated ACC DEPR DEPREC ACC DEPR EQUIPMENT ACQ COST Life 12/31/2018 2019 12/31/2019 Planner 01-01-19 12,000 5 yr 0 0 Power Base 01-01-19 6,750 7 yr 0 0 Router oll 01-01-19 2,150 0 5 yr Processing Equipment 01-01-19 0 0 40,000 7 yr 0 60,900 0.00 0.00 0.00 No Salvage value 60.900 0.00 0.00 0.00 No Salvage value Sheet 3: Double-Declining Balance DATE LAND ACQ COST Bloomsburg, PA 01-02-13 35,250 35,250.00 DATE Estimated ACO DEPR DEPREC ACC DEPR EQUIPMENT ACQ COST Life 12/31/2018 2019 12/31/2019 Planner 01-01-19 12,000 5 yr 0 0 Power Base 01-01-19 0 6,750 7 yr 0 Router 01-01-19 0 2,150 5 yr 0 Processing Equipment 01-01-19 0 40,000 7 0 0.00 0.00 60,900 0.00 No Salvage value 600 0.00 0.00 0.00 No Salvage value Sheet 4: Units-of-Production DATE LAND ACQ COST Bloomsburg, PA 01-02-13 35,250 35,250.00 DATE Current Usage ACC DEPR DEPREC ACC DEPR EQUIPMENT ACQ COST Total 12/31/2018 2019 12/31/2019 Planner 01-01-19 12,000 200 / 1000 0 0 Power Base 01-01-19 6,750 100 /800 0 0 Router 01-01-19 2,150 300 / 1500 0 0 Processing Equipment 01-01-19 40,000 1360 / 6800 0 0 60,900 0.00 0.00 0.00 No Salvage valueStep by Step Solution
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