need 3-7 for double decline i have everything else
unlock Lock #3. For questions 1 and 2, enter the rate as a percentage. For example, 25% For question 3, enter as a fraction. For example, 6/12 For questions 4 through 7, enter the amounts to the whole dollar with a comma between hundred and thousand. For example, 10,000 33% 66% 7/12 28,875 46,125 A/ Ave E o AD ABCD AalbCodi ABCDE ABCD AC mshas FF Depreciation Escape Room Template Escape Room Company purchased a Tesla Model X SUV for the company president on June 1, 2020 for $75,000. The automobile is expected to have a useful life of 3 year or 120,000 miles. The trade in value (salvage value) at the end of the useful is expected to be $15,000. The automobile will be driven 25,000 miles in 2020, 40,000 miles in 2021, 32,000 miles in 2022, and 23,000 miles in 2023. Straight-Line Depreciation Round all amounts to the nearest dollar. 1. Compute annual depreciation: 20,000 Original Cost - Salvage Value Useful Life 2. Months owned in 2020 = 7 December 31, 2020 Units of Activity Depreciation 1. Compute depreciation rate per mile: 75,000- 15,000 divide 120,000.0.50 Original Cost - Salvage Value #miles I 2. Compute depreciation expense for 2020 .50 * 25,000 3. Compute depreciation expense for 2021 .50 times 40,000 4. Compute depreciation expense for 2022 .50 times 32,000 5. Compute depreciation expense for 2023 .50 times 23,000 Focus Double Declining Balance Depreciation Double Declining Balance Depreciation 1. Compute the straight-line rate 100% Years 33.3 2 time asset cost- residual value divide 3 2 2. Compute the double declining balance rate. 66% Year Depreciation Rate Beginning Book Value 75,000 46,125 Partial Period 7/12 Depreciation Expense 28,875 Ending Book Value 1 66 2 12/12 66 66 12/12 3 15.000 Use the table above for questions 3 through 7. 3. Year 1 partial period (show as a fraction) 4. Year 1 depreciation expense 5. Year 1 ending book value Focus 12 English (United States) 20,015 2 46,125 66 12/12 3 66 12/12 15,000 Use the table above for questions 3 through 7. 3. Year 1 partial period (show as a fraction) 4. Year 1 depreciation expense 5. Year 1 ending book value 1 6. Year 2 depreciation expense 7. Year 3 depreciation expense