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need help with depreciation 2021 10:34 DOO 100% X CH 11 HW Required Current Attempt in Progress Bonita Company purchased a new plant asset on
need help with depreciation 2021
10:34 DOO 100% X CH 11 HW Required Current Attempt in Progress Bonita Company purchased a new plant asset on April 1, 2020, at a cost of $738,000. It was estimated to have a service life of 20 years and a salvage value of $53,400. Bonita' accounting period is the calendar year. - Your answer is partially correct. Compute the depreciation for this asset for 2020 and 2021 using the sum-of-the-years'-digits method. (Round answers to O decimal places, e.g. 45,892) 48900 Depreciation for 2020 $ Depreciation for 2021 $ 61940 e Textbook and Media - Your answer is partially correct. 10:35 ODS X CH 11 HW Required 1100% - Your answer is partially correct. Compute the depreciation for this asset for 2020 and 2021 using the double-declining-balance method. (Round answers to decimal places, eg. 45,892.) 55350 Depreciation for 2020 $ Depreciation for 2021 $ 66420 e Textbook and Media Save for Later Attempts: 2 of 4 used Submit Answer Assignment sent to Gradebook. Your grade is being recorded. C onntninn. N ihStep by Step Solution
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