Question
Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Original Cost $ 136,800 Estimated Residual Value $ 34,200 Estimated
Revise your worksheet to reflect these updated assumptions and then answer the questions that follow.
Original Cost | $ | 136,800 |
Estimated Residual Value | $ | 34,200 |
Estimated Useful Years | 6 | |
Estimated Units | 44,000 | |
Actual Units: | ||
Year 1 | 4,400 | |
Year 2 | 7,920 | |
Year 3 | 9,680 | |
Year 4 | 10,560 | |
Year 5 | 8,800 | |
Year 6 | 7,040 | |
48,400 | ||
Required: 1. Use your spreadsheet to recalculate Depreciation Expense, Accumulated Depreciation, and the Book Value for Year 6 under each method. Note your revised values below. Straight-line Double-Declining Balance Activity-based
Depreciation Expense 0
Accum. Depreciation
Book Value
2. Prepare the journal entry to record depreciation in Year 6 for each of the methods. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) NEED THE $$$ VALUES
a. Depreciation Expense $xxx
Accumulated Depreciation $xxx
b. NO ENTRY REQUIRED
c. Depreciation Expense $xxx
Accumulated Depreciation $xxx
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