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I need help completing PART B of this question. I have completed part A and provided the correct answer down below. For part B I
I need help completing PART B of this question. I have completed part A and provided the correct answer down below. For part B I also need the CARRYING AMOUNT, it is not shown in the screenshots but it goes beside the Accum. Depr. Please complete in the same format as the screenshots.
Carla Vista Company purchased equipment on account on September 3,2022 , at an invoice price of $188,000. On September 4,2022 , it paid $4,500 for delivery of the equipment. A one-year, $1,935 insurance policy on the equipment was purchased on September 6 , 2022. On September 20, 2022, Carla Vista paid $3,500 for installation and testing of the equipment. The equipment was ready for use on October 1, 2022 Carla Vista estimates that the equipment's useful life will be four years, with a residual value of $13,000. It also estimates that, in terms of activity, the equipment's useful life will be 73,200 units. Carla Vista has a September 30 fiscal year end. Assume that actual usage is as follows: (a) Determine the cost of the equipment. Cost of equipment $ Prepare depreciation schedules for the life of the asset under the following depreciation methods: 1. straight-line 2. double diminishing-balance, assuming a rate of 50% 3. units-of-production (Round depreciable amount per unit to 2 decimal places, e.g. 5.27 and the final answers to 0 decimal places, e.g. 5,276. 1. STRAIGHT-LINE DEPRECIATION 2. DOUBLE DIMINISHING-BALANCE DEPRECIATIONStep by Step Solution
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