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The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January 1 The founder wants to know the implications of different depreclation methods and estimates for the company's financial statements Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following Tableau Dashboard. Actual \& Estimated Units-of-Production The company founder hires us as consultants and ask The founder wants to know the implications of differer Those statements will be used to attract financing from operation, we are given the following Tableau Dashboi Estir 20 16 $60,000 $50,000 ation, we are given the following Tableau Dashboard. Actual \& Estimated Units-of-F ated Useful Life of Purchase Price \& Actual \& Estimated Units-of-Productic asks that we oversee the accounting for new equipment purc erent depreciation methods and estimates for the company's f from new investors and creditors. At the end of the equipment shboard. urchase Price & Estimated Salvage Value stimated Units-of-Production asks that we oversee the accounting for new equipment purchas erent depreciation methods and estimates for the company's fina from new investors and creditors. At the end of the equipment's f shboard. urchase Price \& Estimated Salvage Value timated Units-of-Production asks that we oversee the accounting for new equipment purchased on erent depreciation methods and estimates for the company's financial st from new investors and creditors. At the end of the equipment's first yea shboard. urchase Price & Estimated Salvage Value timated Units-of-Production we oversee the accounting for new equipment purchased on January 1. reciation methods and estimates for the company's financial statements. investors and creditors. At the end of the equipment's first year in Price \&. Estimated Salvage Value Units-of-Production oversee the accounting for new equipment purchased on January 1. iation methods and estimates for the company's financial statements. vestors and creditors. At the end of the equipment's first year in Price \&. Estimated Salvage Value oversee the accounting for new equipment purchased on January 1 . iation methods and estimates for the company's financial statements. restors and creditors. At the end of the equipment's first year in Price \&. Estimated Salvage Value Actual \& Estimated Units-of-Production Year 1 Production Year a Production Year 3 Production Verar a Production Actual \& Estimated Units-of-Production Year di production I \& Estimated Units-of-Production Ion for the equiprinent At the beginning of the second year we determine that aseful life comptite the equipment's book value at the end of its first year. tion for the equpmert At the beginning of the second year, we determine that: useful life Compute the depreciation for the second year given the revised Year 3 Production Estimated Year 4 Production Estimated 0 25,00050,00075,000100,000125,000 Total Units to be Produced sit + ableau 1(0). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year. we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its usefut life for (a) $12.000 cash and (b) $6.000cash Complete this question by entering your answers in the tabs below. Assume the company uses straight-line depreciation for the equipment At the beginning of the second year, we dotermine that the equipment has only two more years of remaining useful life. Compute the equlpment's book value at the end of its. first vear: 1(0). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that. the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. Complete this question by entering your answers in the tabs below. Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute depreciation for the second year given the revised useful life estimate. Complete this question by entering your answers in the tabs below. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000cash and (b) $6,000 cash. Journal entry worksheet Record the sale of equipment at the end of its useful life for $12,000 cash Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. Journal entry worksheet Record the sale of equipment at the end of its useful life for $6,000 cash. Note: Enter debits before credits. The company founder hires us as consultants and asks that we oversee the accounting for new equipment purchased on January 1 The founder wants to know the implications of different depreclation methods and estimates for the company's financial statements Those statements will be used to attract financing from new investors and creditors. At the end of the equipment's first year in operation, we are given the following Tableau Dashboard. Actual \& Estimated Units-of-Production The company founder hires us as consultants and ask The founder wants to know the implications of differer Those statements will be used to attract financing from operation, we are given the following Tableau Dashboi Estir 20 16 $60,000 $50,000 ation, we are given the following Tableau Dashboard. Actual \& Estimated Units-of-F ated Useful Life of Purchase Price \& Actual \& Estimated Units-of-Productic asks that we oversee the accounting for new equipment purc erent depreciation methods and estimates for the company's f from new investors and creditors. At the end of the equipment shboard. urchase Price & Estimated Salvage Value stimated Units-of-Production asks that we oversee the accounting for new equipment purchas erent depreciation methods and estimates for the company's fina from new investors and creditors. At the end of the equipment's f shboard. urchase Price \& Estimated Salvage Value timated Units-of-Production asks that we oversee the accounting for new equipment purchased on erent depreciation methods and estimates for the company's financial st from new investors and creditors. At the end of the equipment's first yea shboard. urchase Price & Estimated Salvage Value timated Units-of-Production we oversee the accounting for new equipment purchased on January 1. reciation methods and estimates for the company's financial statements. investors and creditors. At the end of the equipment's first year in Price \&. Estimated Salvage Value Units-of-Production oversee the accounting for new equipment purchased on January 1. iation methods and estimates for the company's financial statements. vestors and creditors. At the end of the equipment's first year in Price \&. Estimated Salvage Value oversee the accounting for new equipment purchased on January 1 . iation methods and estimates for the company's financial statements. restors and creditors. At the end of the equipment's first year in Price \&. Estimated Salvage Value Actual \& Estimated Units-of-Production Year 1 Production Year a Production Year 3 Production Verar a Production Actual \& Estimated Units-of-Production Year di production I \& Estimated Units-of-Production Ion for the equiprinent At the beginning of the second year we determine that aseful life comptite the equipment's book value at the end of its first year. tion for the equpmert At the beginning of the second year, we determine that: useful life Compute the depreciation for the second year given the revised Year 3 Production Estimated Year 4 Production Estimated 0 25,00050,00075,000100,000125,000 Total Units to be Produced sit + ableau 1(0). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year. we determine that the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate 2. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its usefut life for (a) $12.000 cash and (b) $6.000cash Complete this question by entering your answers in the tabs below. Assume the company uses straight-line depreciation for the equipment At the beginning of the second year, we dotermine that the equipment has only two more years of remaining useful life. Compute the equlpment's book value at the end of its. first vear: 1(0). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute the equipment's book value at the end of its first year. 1(b). Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that. the equipment has only two more years of remaining useful life. Compute the depreciation for the second year given the revised useful life estimate. 2. At the end of the equipment's useful life, the company plans to sell it Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. Complete this question by entering your answers in the tabs below. Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. Compute depreciation for the second year given the revised useful life estimate. Complete this question by entering your answers in the tabs below. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000cash and (b) $6,000 cash. Journal entry worksheet Record the sale of equipment at the end of its useful life for $12,000 cash Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. At the end of the equipment's useful life, the company plans to sell it. Record the sale of equipment at the end of its useful life for (a) $12,000 cash and (b) $6,000 cash. Journal entry worksheet Record the sale of equipment at the end of its useful life for $6,000 cash. Note: Enter debits before credits
