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im having trouble finding the rate and yearly depreciation for double declining method plus the general ledger to go along with it :Company purchased tool
im having trouble finding the rate and yearly depreciation for double declining method plus the general ledger to go along with it
:Company purchased tool sharpening equipment on The equipment was Outober 1, 2014. tor sia espected to have a useful lite of three years, or 12 ours, and a residual value of $7,200 ne cquipme 2014. 4,200 hours 201 nt was used for 1 350 t hours in 2015, 3,650 hours in 2016. and 2.800 hours in 2017 Instructions unt of depreciation expense tor the years ended December s1, u 2015, 2016, and 2017, by () the straight-line method, and (o the double-declining balance method. method. 0h) the units-of-e -output metho $150.000o PR 10-4B New cal year, has an estimated useful life of four years and an estimated residual value Depreciation by two methods; sale of fixed asset 1, $55,000 n expense tire retreading equipment, acquired at a cost of S110,000 at the beginning of ? ( )( ) The manager requested information regarding the effect of alternative met f depreciation expense each year. On the basis of the data pr week of the fourth year, the equipment was sold for $18,000 presented u the manager, the double-declining-balance method was selected In the first Instructions I. Determine the annual depreciation expense for each of the estimated four y use, the accumulated depreciation at the end of each year, and the book value of u equipment at the end of each year by (a) the straight-line method and (b) the double declining-balance method. The following columnar headings are suggested for eadh schedule: years oi Accumulated Cases Depreciation Expense Depreciation, End of Year Book Value, End of Year 2. Journalize the entry to record the sale . Journalize the entry to record the sale, assuming that the equipment sold for $10.5 instead of $18,000 OBJ. 1.2.1 PR 10-5B Transactions for fixed assets, including sale The following transactions, adjusting entries, and closing entries were completed b Robinson Furniture Co. during a three-year period. All are related to the use of deliven iation is usedStep by Step Solution
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