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of 2 Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Original Cost Estimated Residual Value Estimated Useful Years.
of 2 Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Original Cost Estimated Residual Value Estimated Useful Years. Estimated Units $134,400 $ 33,600 42,000 6 Book Actual Units: Year 1 4,200 Year 2 7,560 Year 3 9,240 ferences Year 4 10,080 Year 5 8,400 Year 6 6,720 46,200 Required: 1. Use your spreadsheet to recalculate Depreciation Expense, Accumulated Depreciation, and the Book Value for Year 6 under each method. Note your revised values below. Depreciation Expense Accumulated Depreciation Book Value Straight-Line Double-Declining- Activity-Based Balance 2. Prepare the journal entry to record depreciation in Year 6 for each of the methods. (If no entry is required for a transaction/event select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 Record the Depreciation Expense for the period under the straight-line method. Note: Enter debits before credits. Transaction a. General Journal Debit Credit Record entry Clear entry Dre View general journal 84 of 8 Navt
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