Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please give answer as soon as possible someone else already post this question but you do not answer it ACCT1115 S2020_group project_data set_Version H Data.xlsx
please give answer as soon as possible someone else already post this question but you do not answer it
ACCT1115 S2020_group project_data set_Version H Data.xlsx H Question 4: Noo-Current Asset Management has provided you with the following fixed asset schedule and needs some mistance with the calculation depreciation expense and accumlated depreciation for 2019 5 Required 1. Calculate depreciation expense for 2010(els noted in blue in column]). 72. Calculats accumulated depreciation for all non-current ansats for 2010 (ools noted in blue in column) ASSET DESCRIPTION DEPN POLICY USEFUL LIFT ZUL 20 ASSET COST Purchases 21 2010 Disposals ASSET COST ACO DEPN EST ESIDUAL LUE 20T Depreciation experus ZUTV Dinposals ACLI DEW 1 SAMSUNG to TI 22 Land - 124 Street 1 Building - 124 Street 10 Land - 56 avenue 15 Bulding - 56 avenue Packaging Machine 11 Labelling machine.new 18 Office furniture 19 Oce fumimure-new Computers.new*** 11 Computers 22 NA straightine NA straight line units of prod units of prodni straighting straight line double diminishing balance double diminishing balance double diminishing balance NA 25 NIA 25 300 000 900.000 10 10 6 5 NA $150.0530 150.053 RDS 50 000 309 300.00 309.809.00 09,720.78 1039270 NIA 41.807.20 41.897,20 104.743.00 104,743.00 74,55100 741840 25.000 127.500 127,554.00 42.730.83 92.581.00 92.581.00 7200 83 54100 83,541.00 50,184.60 8.30 5.000 37 385 00 37,385.00 1,000 25,584 00 25,684.00 59,133.00 59,133.00 46,360.27 2020 20.000 67.300,00 87,300.00 50,47562 2182725 3964140.00 $156,660.00 3746,640.20 5973.149.80 364,03200706207 374,66400 SOTO 10 25 Units Produced by the packaging machine in 2019 Une produced by the labeling machine in 2010 22*** The future and computers were acquired January 3, 2019 41.360 T8.200 2. Prepare the dusting journal entry to record depreciation on the Building - 124 Street (space provided below) Account Tities Debit CreditStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started