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On March 10, 2019, Ayayai Company sells equipment that it purchased for $228,480 on August 20, 2012. It was originally estimated that the equipment would
On March 10, 2019, Ayayai Company sells equipment that it purchased for $228,480 on August 20, 2012. It was originally estimated that the equipment would have a life of 12 years and a salvage value of $19,992 at the end of that time, and depreciation has been computed on that basis. The company uses the straight-line method of depreciation. Compute the depreciation charge on this equipment for 2012, for 2019, and the total charge for the period from 2013 to 2018, inclusive, under each of the six following assumptions with respect to partial penods. (Round depreciation per day to 2 decirmal places, e15.64 and final answers to o decimal places, 4s,s92.) 2013-2018 Inclusive 2012 (I) Depreciation is computed for the exact period of time during which the asset is owned (Use 365 days for the base and record through March 9, 2019.) (2) Depreciation is computed for the full year on the Jenuary 1 balance in the asset account. (3) Depreciation is computed for the full year on the December 31 balance in the asset account (4) Depreciation for one-half year is charged on plant assets acquired or disposed of dunng the year (5) Deprecation cononed on additions from the beginnng of the month following acquisition and on daposals to the beening of the menth following disposal. (6) Depreciation-computed for full period on a. aesetin use for ever one-half year, and no depreciatide is charged on "sea less than one half year. (Use 365 days for base.)
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