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I need help please, for the useful life equipment in years part to be in atleast half a page with sources cited and the other
I need help please, for the useful life equipment in years part to be in atleast half a page with sources cited and the other parts in spreadsheet format.
o 200% declining balance method Show the depreciation expense, accumulated depreciation, and remaining book value for each year. Pay attention to the purchase date of your equipment. This will affect the calculation for year / and the last year. Assume the use of the fractional year method. To complete your depreciation schedule, you will need to research: The total estimated useful life of the equipment, in years Any possible salvage value at the end of the equipment's useful life Using your depreciation schedule, journalize the entry to record depreciation for 5 separate years. If your equipment has an estimated useful life of, say, 10 years, then you need to journalize the entry for five of those ten years, detailing which year each entry refers to Using your depreciation schedule, pick two separate years (can be any two). o For one year, illustrate what the journal entry would look like if you were to dispose of the equipment and sell it at a gain at the end of that year. You will need to determine a fictitious selling price for this calculation and entry. For another year, illustrate what the journal entry would look like if you were to dispose of the equipment and sell it at a loss at the end of that year. You will need to determine a fictitious selling price for this calculation and entry. o 200% declining balance method Show the depreciation expense, accumulated depreciation, and remaining book value for each year. Pay attention to the purchase date of your equipment. This will affect the calculation for year / and the last year. Assume the use of the fractional year method. To complete your depreciation schedule, you will need to research: The total estimated useful life of the equipment, in years Any possible salvage value at the end of the equipment's useful life Using your depreciation schedule, journalize the entry to record depreciation for 5 separate years. If your equipment has an estimated useful life of, say, 10 years, then you need to journalize the entry for five of those ten years, detailing which year each entry refers to Using your depreciation schedule, pick two separate years (can be any two). o For one year, illustrate what the journal entry would look like if you were to dispose of the equipment and sell it at a gain at the end of that year. You will need to determine a fictitious selling price for this calculation and entry. For another year, illustrate what the journal entry would look like if you were to dispose of the equipment and sell it at a loss at the end of that year. You will need to determine a fictitious selling price for this calculation and entry Step by Step Solution
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