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On January 2, 2021, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $100,000
On January 2, 2021, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $100,000 with an estimated residual value of $8,000.
a-3. 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 2021.
On January 2, 2021, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $100,000 with an estimated residual value of $8,000. a-1. Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2021. a-2. Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year of depreciation was taken in 2021. a-3. 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 2021. Complete this question by entering your answers in the tabs below. Req A1 Req A2 Req A3 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 2021. (Round your final answers to the nearest whole number.) Year Depreciation Expense Book Value Accumulated Depreciation 30,000 $ 30,000 $ 2021 $ 70,000 2022 21,000 51,000 49,000 2023 14,700 65,700 34,300 2024 10,290 75,990X 24,010 2025 7,203 X 83,193 x 16,807 Req A3 >Step by Step Solution
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