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instructions and all files are uploaded that are necessary Wine Depot Equipment Depreciation Summary Asset Equipment Truck Portable Date Acquired Total Student Name 09/24/2014 Cost
instructions and all files are uploaded that are necessary
Wine Depot Equipment Depreciation Summary Asset Equipment Truck Portable Date Acquired Total Student Name 09/24/2014 Cost $ 2007 Deprec. 2007 Acc. 2008 2008 Acc. 2009 2009 Acc. 2010 Method Deprec. Deprec. Deprec. Deprec. Deprec. Deprec. Deprec. $0 $0 $0 $0 $0 $0 $0 2010 Acc. Deprec. $0 qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Depreciation Schedule Asset # Asset Date acquired Cost Depreciation method Salvage value Estimated useful life Year 2007 2008 2009 2010 2011 2012 Student Name 09/24/2014 101 Equipment 1/1/2007 $485,000.00 S/L $25,000.00 6 Depreciation Expense Accumulated Depreciation qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Depreciation Schedule Asset # Asset Date acquired Cost Depreciation method Salvage value Estimated useful life Year 2008 2009 2010 2011 2012 2013 2014 Student Name 09/24/2014 102 Truck 1/1/2008 $75,200.00 S/L $6,000.00 7 Depreciation Expense Accumulated Depreciation qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Depreciation Schedule Asset # Asset Date acquired Cost Depreciation method Salvage value Estimated useful life Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Student Name 09/24/2014 103 Portable 1/1/2009 $188,642.00 S/L $16,800.00 15 Depreciation Expense Accumulated Depreciation qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Equipment Depreciation Summary Asset Date Acquired Total Student Name 09/24/2014 Cost $ Deprec. 2007 2007 Acc. 2008 2008 Acc. 2009 2009 Acc. 2010 2010 Acc. Method Deprec. Deprec. Deprec. Deprec. Deprec. Deprec. Deprec. Deprec. $0 $0 $0 $0 $0 $0 $0 $0 qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Depreciation Schedule Asset # Asset Date acquired Cost Depreciation method Salvage value Estimated useful life Year 2007 2008 2009 2010 2011 2012 Student Name 09/24/2014 101 Equipment 1/1/2007 $485,000.00 DDB $25,000.00 6 Depreciation Expense Accumulated Depreciation StraightLine Test Switch Depreciation Accumulated Expense Depreciation qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Depreciation Schedule Asset # Asset Date acquired Cost Depreciation method Salvage value Estimated useful life Year 2008 2009 2010 2011 2012 2013 2014 Student Name 09/24/2014 102 Truck 1/1/2008 $75,200.00 DDB $6,000.00 7 Depreciation Expense Accumulated Depreciation StraightLine Test Switch Depreciation Accumulated Expense Depreciation qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Depreciation Schedule Asset # Asset Date acquired Cost Depreciation method Salvage value Estimated useful life Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Student Name 09/24/2014 103 Portable 1/1/2009 $188,642.00 DDB $16,800.00 15 Depreciation Expense Accumulated Depreciation StraightLine Test Switch Depreciation Accumulated Expense Depreciation qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Equipment Depreciation Summary Asset Date Acquired Total Student Name 09/24/2014 Cost $ Deprec. 2007 2007 Acc. 2008 2008 Acc. 2009 2009 Acc. 2010 2010 Acc. Method Deprec. Deprec. Deprec. Deprec. Deprec. Deprec. Deprec. Deprec. $0 $0 $0 $0 $0 $0 $0 $0 qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Depreciation Schedule Asset # Asset Date acquired Cost Depreciation method Salvage value Estimated useful life Year 2007 2008 2009 2010 2011 2012 Student Name 09/24/2014 101 Equipment 1/1/2007 $485,000.00 SYD $25,000.00 6 Depreciation Expense Accumulated Depreciation qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Depreciation Schedule Asset # Asset Date acquired Cost Depreciation method Salvage value Estimated useful life Year 2008 2009 2010 2011 2012 2013 2014 Student Name 09/24/2014 102 Truck 1/1/2008 $75,200.00 SYD $6,000.00 7 Depreciation Expense Accumulated Depreciation qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx Wine Depot Depreciation Schedule Asset # Asset Date acquired Cost Depreciation method Salvage value Estimated useful life Year 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Student Name 09/24/2014 103 Portable 1/1/2009 $188,642.00 SYD $16,800.00 15 Depreciation Expense Accumulated Depreciation qattachments_1b9343a8cb15efc197029f86e802e27c15d80a64.xlsx The Wine Depot owned the following fixed assets as of December 31, 2010: Description Asset # 101 Asset Equipment Truck Portable Date acquired 1/1/07 1/1/08 1/1/09 Cost $485,000 $75,200 $188,642 Salvage value $25,000 $6,000 Estimated useful life 6years 7 years 15years 102 103 $16,800 You are to create Wine Depot's fixed asset depreciation summary and individual depreciation worksheets using the straight-line depreciation method and based on the information in the preceding table. Be sure to pay close attention to the date of purchase for each asset so that your summary sheet is correct. The summary sheet need only include depreciation from 2007 through 2010. Individual assets must show depreciation over their entire useful life. Follow the text examples for formatting. Label your worksheets as follows: Summary SL, Asset 101 SL, Asset 102 SL, and Asset 103 SL. In the same workbook, create Wine Depot's fixed asset depreciation summary and individual depreciation worksheets using the double declining balance method and based on the same tabulated information. Again, pay close attention to the date of purchase for each asset so that your summary sheet is correct. Label your worksheets: Summary DDB, Asset 101 DDB, Asset 102 DDB, and Asset 103 DDB. In the same workbook, next create Wine Depot's fixed asset depreciation summary and individual depreciation worksheets using the sum-of-the-year's digits method and based on the tabulated information. Be sure to pay close attention to the date of purchase for each asset so that your summary sheet is correct. Label your worksheets: Summary SYD, Asset 101 SYD, Asset 102 SYD, and Asset 103 SYD. In the same workbook, you should now create a chart of Asset 103's depreciation (over its 15year estimated useful life) that compares the straight-line, double declining balance, and sum-ofthe-year's digits methods of calculating depreciation. Label this worksheet: Chart. Choose any 2D line chart and chart layout that you like. Save the workbook as ch4-04_student_name (replacing student_name with your name). Print all worksheets in Value view, with your name and date printed in the lower left footer and the file name in the lower right footerStep by Step Solution
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