se 11-15 (Algo) Double-declining-balance method; switch to straight line [LO11-2, 1 uary 2, 2021, the Jackson Company purchased equipment to be used in its manufacturing process. The eq ed life of eight years and an estimated residual value of $61,500. The expenditures made to acquire the as hase price ght charges allation charges $ 258,500 9,600 13,500 on's policy is to use the double-declining-balance (DDB) method of depreciation in the early years of the equip switch to straight line halfway through the equipment's life. ired: culate depreciation for each year of the asset's eight-year life. e changes in depreciation methods accounted for retrospectively or prospectively? omplete this question by entering your answers in the tabs below. Jenullules made to acqui hase price ght charges allation charges $258,500 9,600 13,500 con's policy is to use the double-declining-balance (DDB) method of depreciation in the early years of th switch to straight line halfway through the equipment's life. Aired: alculate depreciation for each year of the asset's eight-year life. re changes in depreciation methods accounted for retrospectively or prospectively? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate depreciation for each year of the asset's eight-year life. End of Period intinn for the Period On January 2, 2021, the Jackson Company purchased estimated life of eight years and an estimated residual Purchase price Freight charges Lactallation charges $ 258,500 9,680 13,500 Jackson's policy is to use the double-declining-balance ([ then switch to straight line halfway through the equipmen Required: 1 Calculate depreciation for each year of the asset's eight- counted for retre -declining-balance method; switch to straight line [LO11-2, 11-6) ompany purchased equipment to be used in its manufacturing process. The equipment estimated residual value of $61,500. The expenditures made to acquire the asset were 500 ble-declining balance (DDB) method of depreciation in the early years of the equipment's through the equipment's life. year of the asset's eight-year life. ethods accounted for retrospectively Calculate depreciation for each year of the asset's eight-year life. End of Period Year Depreciation for the Period Beginning of Period Book Depreciation Annual Rate Value Depreciation % Accumulated Depreciation Book 2021 2022 9 2023 % 2024 0% 2025 2026 2027 2028 3 Total Complete this question by entering your answers in the tabs below. Required 1 Required 2 Are changes in depreciation methods accounted for retrospectively or prospectively Prospectively Depreciation methods accounted (Required 1 ght charges allation charges 256,590 9,600 13,500 son's policy is to use the double-declining-balance (DDB) method of depreciation switch to straight line halfway through the equipment's life mired: lculate depreciation for each year of the asset's eight-year life. se changes in depreciation methods accounted for retrospectively or prospectively? Complete this question by entering your answers in the tabs below. Required 2 tronnectively or prospectively? In its manuta ed life of eight years and an estimated residual value of $61,500. The expenditures r nase price ght charges Fallation charges $ 258,500 9,600 13,500 son's policy is to use the double-declining-balance (DDB) method of depreciation in the early switch to straight line halfway through the equipment's life. quired: Calculate depreciation for each year of the asset's eight-year life. Are changes in depreciation methods accounted for retrospectively or prospectively? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Are changes in depreciation methods accounted for retrospectively or prospectively Prospectively oprethodic counted reise 11-15 (Algo) Double-declining balance method; switch to straight line (LO11-2, 11-6] January 2 2021, the Jackson Company purchased equipment to be used in its manufacturing process. The equipment mated life of eight years and an estimated residual value of $61,500. The expenditures made to acquire the asset were Base price $ 258,500 9,600 13,500 son's policy is to use the double-declining-balance (DDB) method of depreciation in the early years of the equipment's lif ostaight line halfway through the equipment's life. Detection for each year of the asset's eight-year life. esin deseciation methods accounted for retrospectively or prospectively? estion by entering your answers in the tabs below