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Saved Now change the Cost, Life of the Asset, and Salvage Value for all of the assets listed in the table in your worksheet
Saved Now change the Cost, Life of the Asset, and Salvage Value for all of the assets listed in the table in your worksheet to match the information below: Asset No. Fixed Asset Name 1-001 1-002 Desktop computer Laptop 13" - Cost $1,600 Life of Asset Salvage Value 5 $ 0 $1,200 5 1-003 Laptop - 15" $ 0 $2,500 5 1-004 Tablet $ 0 $ 600 5 1-005 4-person Workstation $ 0 $3,000 10 1-006 Office chairs (set of 4) $500 $1,000 10 1-007 70" Flat Screen TV $1,500 5 $100 $250 Be sure to also check the Cost in both of your Depreciation Method tables in your worksheet so that it matches the updated information. Required: 2a. Complete the chart below that shows comparisons of the two depreciation methods. (Round your answers to the nearest whole dollar.) Straight-Line Double-Declining Straight-Line Double-Declining Straight-Line Double-Declining Total Depreciation Year 1 TotarDepreciation Year 2 Total Depreciation Year 3 Total Accumulated Depreciation Year 1 Total Accumulated Depreciation Year 2 Total Accumulated Depreciation Year 3 Total Net Book Value Year 1 Total Net Book Value Year 2 Total Net Book Value Year 3 < Prev G2 of 2 Next >
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