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If the salvage value was decreased for Asset 1002, what affect would there be on depreciation expense? What affect on the Accumulated Depreciation Small Builders,
If the salvage value was decreased for Asset 1002, what affect would there be on depreciation expense? What affect on the Accumulated Depreciation
Small Builders, Inc. Depreciation Schedule | ||||||||||||
Asset # | 1001 | IF=(condition, value if true, value if false) - Cell G12 | ||||||||||
Asset | Display Cases | IF=[condition, value if true, value if false(condition, value if true, value if false)] - Cells G13-G16 | ||||||||||
Date acquired | 1/1/2015 | X | should switch | |||||||||
Cost | $ 15,000.00 | - | do not switch | |||||||||
Depreciation method | DDB | |||||||||||
Salvage value | ||||||||||||
Estimated useful life | 5 | |||||||||||
Year | Depreciation Expense | Accumulated Depreciation | Straight-Line Test | Switch* | Depreciation Expense | Accumulated Depreciation | ||||||
2015 | $6,000.00 | $6,000.00 | $3,750.00 | - | 6000 | $6,000.00 | ||||||
2016 | $3,600.00 | $9,600.00 | $2,250.00 | - | 3600 | $9,600.00 | ||||||
2017 | $2,160.00 | $11,760.00 | $1,800.00 | - | 2160 | $11,760.00 | ||||||
2018 | $1,296.00 | $13,056.00 | $1,620.00 | X | 1620 | $13,380.00 | ||||||
2019 | $777.60 | $13,833.60 | $1,944.00 | X | 1620 | $15,000.00 |
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