mtion Worksheet. Saved eferences Mailings Review View Help | Aa- A E EEEE | T 2-A- E IE l | | Emphasis T Heading 1 Normal Strong Subtitle Paragraph Styles Name 1. (2 points) What is the value of land forecasted to return $300/acre per year worth, at a 8.5% interest rate? (show your calculation) 2. (5 points) List the five pieces of information you need to calculate depreciation of an asset? Jorge Deprecatinio heet Seed References Mailings Review View Help GAXA-AEEEEE 2111 | | . Emphasis Heading 1 1 Normal Strong Subtitle T Styles se of a new case date Paragraph 3. (16 points) Consider the purchase of a new combine. The specific information is Purchase price $750,000.00 Purchase date = Jan 1, 2018 Useful life = 5 years Salvage value=$150,000.00 $150.000 Complete each depreciation table. Note: each highlighted box is worth 1 point - for a total of 16 points possible Fill in the table using the straight-line method Remaining value at end of year Remaining value at beginning of year / Depreciation Year 2018 2019 2020 2021 2022 Year Fill in the table using the straight-line method if the purchase date was October 1, 2018 Remaining value at Remaining value at beginning of vear Depreciation end of year 2018- Oct 1 to Dec 31 2019 2020 2021 2022 2023-Jan 1 to Sept 30 9 6 K N e on W P Jorge June View Depreciation Worksheet - Saved References Mailings Review **A- A - XA-2-A-EEZE Help 17 - - | Emphasis 1 Heading 1 Normal Strong Subtitle Title 1 Styles Paragraph Fill in the table using the 150% Declining Balance method, purchase date was Jan. 1, 2018 What is the deprecation rate? Remaining value at beginning of year Remaining value at end of year Depreciation Year 2018 2019 2020 2021 Page 2 of 3 Created by Dr. Melissa McKendree 2018 D Focus I 0 og 59 x Ne 0 W acer