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Punter For each of the following fixed assets, determine the depreciation expense as on December 31 for Year 3: Disposal date is N/A if asset
Punter For each of the following fixed assets, determine the depreciation expense as on December 31 for Year 3: Disposal date is N/A if asset is still in use. Method: SL - Straight Line; DDB - Double Declining Balance Assume the estimated life is 5 years for each asset. Item Cost Residual Value Purchase Date Disposal Date Depreciation Method A $40,000 $4,000 July 1, Year 3 N/A Depreciation Expense Year 3 3,600 SL B $5,000 Jan. 1, Year 1 Aug. 31, Year 3 SL. $50,000 560,000 $80,000 $2,000 Oct 1, Year 3 N/A DDB 6,000 6,000 $10,000 Jan. 1. Year 2 April 1, Year 3 DDB 13,000 My Wok terang All work saved
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