Question
Prepare three depreciation tables for 2020, 2021, and 2022: one for straight-line depreciation (similar to the one in Illustration 9.10), one for double-declining balance
Prepare three depreciation tables for 2020, 2021, and 2022: one for straight-line depreciation (similar to the one in Illustration 9.10), one for double-declining balance depreciation (Illustration 9.14), and one for units-of-activity depreciation (Illustration 9.12). For units-of-activity, Natalie estimates she will drive the van as follows: 15,000 miles in 2020; 45,000 miles in 2021; 50,000 miles in 2022; 45,000 miles in 2023; 40,000 miles in 2024. Recall that Cookie Creations has a December 31 year-end. (Round depreciation cost/unit to 3 decimal places, e.g. 0.225.) Straight-line depreciation Year Depreciable Cost Depreciation Expense Accumulated Depreciation Net Book Value $ 2020 $ 2021 2022 Double-declining-balance depreciation $ $ Year NBV (Beg. of Year) Depreciation Expense Accumulated Depreciation $ 2020 $ 2021 2022 Units-of activity depreciation $ $ Net Book Value Year Units of Activity Depreciation Expense Accumulated Depreciation Net Book Value
Step 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