New ithograptic equipment, acquired at a cost of $905,600 on March. 1 at the beginning of a fiscal yeas, has an estimated uselur He of five years and an estimated mosidual val.e of 5101.860. The manager reguetted information regarding the ethect of alternafive methods on the amount of depreciatien expanse each year, Cn the basis of ihe dats gresarted to the manager, the dosble-decining-balance method was selected. in the frst week of the fift year, on March 4. the equpment was sold for $149,283. Aequlred: 1. Determine the aninual depreciation expense tor each of the estimated five years of use, the aocumblated depreciation at the end af such year, and the boek value of the equipment af the end of each year by (a) the straightelne methad and (b) the dovble-decling-bakance method. Aound your answers fo the neavest whole doltw. 2. Joumatre the enty to recond the sale ssuming the manager chose the double-decling balance method. Rede so A. Chart or Aceounds for exact wording of accowst stiss. 2. doumalte the entry to record the sale in (2), assuming that the equpment was sold for $103,366 instead of $149,266. Aeter to the Chart of Accounts for ewact wonding of account seles Determine the annual depreciation expense for each of the estimated flie years of use, the accumulated degrociation at the end of each yeac, and the book vatue of the equpment at the end of each year by (a) the stralghi-the method and (b) the double-declining balance method. Found your answers to the nearost whole dollar. Enter al anourts as a posibve numbers. a. Straight-line method 2. On March 4, joumake the entry to rocond the sale asfoming the mankger chose the double-decling balance memod. Reler to the Chart or Accounts for exact wocting of acepurt thes 3. On March 4, joumalize the entry to record the swite in (2), assuming that the equipment was sold for 5103,385 insiead of 5149,286 . Aefor to the Chart of Acoounts for exact wonding of account BDies. New ithograptic equipment, acquired at a cost of $905,600 on March. 1 at the beginning of a fiscal yeas, has an estimated uselur He of five years and an estimated mosidual val.e of 5101.860. The manager reguetted information regarding the ethect of alternafive methods on the amount of depreciatien expanse each year, Cn the basis of ihe dats gresarted to the manager, the dosble-decining-balance method was selected. in the frst week of the fift year, on March 4. the equpment was sold for $149,283. Aequlred: 1. Determine the aninual depreciation expense tor each of the estimated five years of use, the aocumblated depreciation at the end af such year, and the boek value of the equipment af the end of each year by (a) the straightelne methad and (b) the dovble-decling-bakance method. Aound your answers fo the neavest whole doltw. 2. Joumatre the enty to recond the sale ssuming the manager chose the double-decling balance method. Rede so A. Chart or Aceounds for exact wording of accowst stiss. 2. doumalte the entry to record the sale in (2), assuming that the equpment was sold for $103,366 instead of $149,266. Aeter to the Chart of Accounts for ewact wonding of account seles Determine the annual depreciation expense for each of the estimated flie years of use, the accumulated degrociation at the end of each yeac, and the book vatue of the equpment at the end of each year by (a) the stralghi-the method and (b) the double-declining balance method. Found your answers to the nearost whole dollar. Enter al anourts as a posibve numbers. a. Straight-line method 2. On March 4, joumake the entry to rocond the sale asfoming the mankger chose the double-decling balance memod. Reler to the Chart or Accounts for exact wocting of acepurt thes 3. On March 4, joumalize the entry to record the swite in (2), assuming that the equipment was sold for 5103,385 insiead of 5149,286 . Aefor to the Chart of Acoounts for exact wonding of account BDies
