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i want same answer for pictor 2 Case study (1) 8 Marks Toshiba Corporation purchased a new machine for its assembly process on Jan 1,
i want same answer for pictor 2
Case study (1) 8 Marks Toshiba Corporation purchased a new machine for its assembly process on Jan 1, 2014. The cost of this machine was $48,000. The company estimated that the machine would have a salvage value of $4.000 at the end of its service life. Its life is estimated at 5 years. Year-end is December 31. Instructions Compute the depreciation expense under the following methods. 1-Straight-line depreciation 2-Double-declining balance. 3-Sum-of-the-years- digits. Colleg Student ID am Du of Exa 2000 4400 Cost Salvage (scrap) Depreciable Amount Rate of Depreciation Depreciation Expense Accumulated Depreciation End Book value 24000 22000 20% 4400 19600 24000 2000 20% 4400 8800 15200 24000 2000 22000 20% 4400 13200 10800 24000 2000 22000 20% 4400 17600 6400 24000 2000 22000 20% 4400 22000 2000 Double Declining (Diminshing) Balance Method(DDB) or Written Down Value Method Depreciation Expense (Cost-Accumlated Depreciation) x Rate of depreciation Consider a piece of equipment that costs $24,000 with an estimated useful life of 4 years and a $2000 salvage value. Year Cost Rate of Depreciation Depreciation Expense Accumulated Depreciatior End Book value 1 24000 40% 9600 9600 14400 2 24000 40% 5760 15360 8640 3 24000 40% 3456 18816 5184 4 24000 2074 20890 3110 24000 40% 1110 22000 2000 Sum-of-the-years-Digits Method(SYD) Depreciation Expense (Remaining life / Sum of the years digits) x (Cost-Salvage value) 40% 5 Consider a place of equipment that costs $24,000 with an estimated useful le of 5 years and a $2000 salvage value. Yew 1 2 3 4 5 Com 24000 24000 240.00 24000 24000 Salvage Depreciable amount Reming life 2000 22000 5 2000 22000 4 2000 22000 3 2000 22000 2 2000 22000 1 sum of the years 15 15 15 15 15 Depreciation Expense Accumulated Depreciation End Book Value 7333 7333 16667 5867 13200 10800 4400 17800 6.100 2833 20533 3467 22000 2000 1457 Step by Step Solution
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