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Problem 9-10A Calculating depreciations partial year's depreciation 10 CHECK FIGURES: Deprec. Expense 2021: Office equip. $3,800; Machinery At December 31, 2020, Halifax Servicing's balance sheet
Problem 9-10A Calculating depreciations partial year's depreciation 10 CHECK FIGURES: Deprec. Expense 2021: Office equip. $3,800; Machinery At December 31, 2020, Halifax Servicing's balance sheet showed capital Halifax Servicing's balance sheet showed capital asset information as detailed in the schedule below. Halifax calculates depreciation to the nearest whole month. $3,800; Machinery = $19,638; Truck = $23,664 Cost Information Depreciation Balance of Depreciation Balance of Accum. Deprec. Expenses for Accum. Deprec. Dec 31, 2020 2021 Dec 31, 2021 Date of Depreciation Description Purchase Method Cost' Residual Life Office Equip. March 27/17 Straight-line $ 52,000 $14,000 10 yr. Machinery June 4/17 Double 275,000 46.000 6 y. declining balance Truck Nov. 13/20 Units of 113,000 26,000 250,000 production km There have been no disposals or betterments since the date of purchase Actual kilometres driven were 2020, 14.000; 2021. 68.000 Required Complete the schedule (round only your final answers). 674
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