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Prepare three depreciation tables for 2022, 2023, and 2024: one for straight-line depreciation (similar to the one in Illustration 9-9), one for double-declining balance depreciation
Prepare three depreciation tables for 2022, 2023, and 2024: one for straight-line depreciation (similar to the one in Illustration 9-9), one for double-declining balance depreciation (Illustration 9-13), and one for units- of-activity depreciation (Illustration 9-11). For units-of-activity, Mei-ling estimates she will drive the van as follows: 15,000 miles in 2022; 50,000 miles in 2023; 50,000 miles in 2024; 45,000 miles in 2025; 40,000 miles in 2026. Recall that Matcha Creations has a December 31 year-end. (Round depreciation cost/unit to 3 decimal places, e.g. 0.225.) Straight-line depreciation End of Year Accumulated Depreciation NT$ 2,200 NT$ Book Value 38,300 Year 2022 NT$ 2023 2024 Depreciable Cost 33000 3 3000 33000 Annual Depreciation Expense NT$ 2200 6600 6600 8800 31,700 5,100 15400 2 Double-declining-balance depreciation End of Year Book Value Book Value Year Beginning of Year 2022 NT$ 40,500 2023 35100 2024 21060 Annual Depreciation Expense NT$ 5400 14040 NT$ Accumulated Depreciation NT$ 5400 19440 27864 35100 21,060 12636 8424 Units-of activity depreciation Year 2022 End of Year Accumulated Depreciation NT$ 2,475 NT$ Book Value 38,025 Units of Activity 15000 45,000 50000 Annual Depreciation Expense NT$ 2,475 8,250 8,250 2023 2024
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