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I'm unsure how I'm supposed to find the values if a cost value is not provided. I understand that I would subtract the residual value
I'm unsure how I'm supposed to find the values if a cost value is not provided. I understand that I would subtract the residual value from the cost and divide by the year amount and the total hours am unsure of how to find those numbers. Any type of starting point would be appreciated.
This is the only information provided and the initial question is separate from the info attached above.
Use the Dynamic Exhibit to answer the following questions. 1. Fill in depreciation expense in year 3 under each depreciation method when residual value is $30,000 and useful life is 3 years: Depreciation method: Straight-line Units-of-Output Double-declining 2. Fill in the book value at the end of year 1 under each depreciation method when residual value is $36,000 and useful life is 4 years: Depreciation method: Straight-line Units-of-Output UD Double-declining 3. Move the Useful Life slider from 3 years to 4 years and complete the sentence. Depreciation expense each year under every method is higher when the cost is spread over a longer useful life. Check My Work 3 more Check My Work uses remaining. All work saved. o IT Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocato Print Item Mastery Problem: Long-Term Assets: Fixed and Intangible Patterson and Associates Depreciation Final Questions Patterson and Associates Year Schedule A Schedule B Schedule C 1 $6,000.00 $10,125.00 $9,000.00 2 3,600.00 13,500.00 6,750.00 3 2,160.00 13,500.00 7,650.00 4 1,296.00 13,500.00 6,750.00 5 444.00 3,375.00 4,500.00 6 7,200.00 7 4,950.00 8 Total $13,500.00 $54.000.00 $46,800.00 Check My Works O more Check My Work uses remaining. All work saved. o II ery Problem: Long-Term Assets: Fixed and Intangible Patterson and Associates Depreciation Final Questions atterson and Associates epreciation 1556 pivuuchy sicauy TCVCMUES Asset generating greater revenues in the early years A Asset with variable in-service time C 2. For each of the depreciation schedules shown on the Patterson & Associates panel, fill in the following information. Celare any cells bla A B Useful life 5 4 Residual value $2,220 $ $ Asset cost $15,000 $ $ Total operating hours 10,400 Check My Work O more Check My Work uses remaining. All work saved. O Use the Dynamic Exhibit to answer the following questions. 1. Fill in depreciation expense in year 3 under each depreciation method when residual value is $30,000 and useful life is 3 years: Depreciation method: Straight-line Units-of-Output Double-declining 2. Fill in the book value at the end of year 1 under each depreciation method when residual value is $36,000 and useful life is 4 years: Depreciation method: Straight-line Units-of-Output UD Double-declining 3. Move the Useful Life slider from 3 years to 4 years and complete the sentence. Depreciation expense each year under every method is higher when the cost is spread over a longer useful life. Check My Work 3 more Check My Work uses remaining. All work saved. o IT Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocato Print Item Mastery Problem: Long-Term Assets: Fixed and Intangible Patterson and Associates Depreciation Final Questions Patterson and Associates Year Schedule A Schedule B Schedule C 1 $6,000.00 $10,125.00 $9,000.00 2 3,600.00 13,500.00 6,750.00 3 2,160.00 13,500.00 7,650.00 4 1,296.00 13,500.00 6,750.00 5 444.00 3,375.00 4,500.00 6 7,200.00 7 4,950.00 8 Total $13,500.00 $54.000.00 $46,800.00 Check My Works O more Check My Work uses remaining. All work saved. o II ery Problem: Long-Term Assets: Fixed and Intangible Patterson and Associates Depreciation Final Questions atterson and Associates epreciation 1556 pivuuchy sicauy TCVCMUES Asset generating greater revenues in the early years A Asset with variable in-service time C 2. For each of the depreciation schedules shown on the Patterson & Associates panel, fill in the following information. Celare any cells bla A B Useful life 5 4 Residual value $2,220 $ $ Asset cost $15,000 $ $ Total operating hours 10,400 Check My Work O more Check My Work uses remaining. All work saved. OStep by Step Solution
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