Question
On January 2, 2015, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $80,000
On January 2, 2015, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $80,000 with an estimated residual value of $6,000. |
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a-1. | Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2015. |
Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year of depreciation was taken in 2015. (Round your final answers to the nearest whole number.)
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Year | Depreciation Expense | Accumulated Depreciation | Book Value |
2015 |
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2016 |
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2017 |
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2018 |
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2019 |
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| Prepare a complete depreciation table under the 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. Assume that a full year of depreciation was taken in 2015. (Round your final answers to the nearest whole number.)
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