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Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. Begin by preparing
Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value. Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Depreciation for the Year Date Asset Cost Depreciable Useful Depreciation Accumulated Book Cost Life Expense Depreciation Value 1-3-2016 5 88,000 $ 88,000 12-31-2016 $ 78,000/ 5 years 15,600 $ 15,600 72,400 12-31-2017 78,000 5 years 15,600 31,200 56,800 12-31-2018 78.000 5 years 15,600 46.800 41,200 12-31-2010 78.000/ 5 years 15,600 62,400 25.600 12-31-2020 78,000 5 years 15,600 78.000 10.000 Before completing the units-of-production depreciation schedule, calculate the depreciation expense per unit. (Round depreciation expense per unit to two decimal places.) Depreciation per unit
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