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The table below contains data on depreciation for five (5) different equipment items used. REQUIRED: On a separate sheet, copy the following table and
The table below contains data on depreciation for five (5) different equipment items used. REQUIRED: On a separate sheet, copy the following table and fill in the missing 20 items for all assets. Acquisition Date Cost Accumulated Depreciation 1/1/2016 1/1/2016 1/1/2016 1/1/2017 1/1/2017 $100,000 $100,000 $330,000 12/31/2018 $90,000 Depreciation 2017 $10,000 $27,000 $200,000 Depreciation 2018 $10,000 $18,000 $80,000 Book value, 12/31/2017 $140,000 $37,000 $300,000 Book value, 12/31/2018 $70,000 Estimated service life 6 4 5 5 Estimated salvage value 0 $10,000 0 Depreciation method Straight-line Sum-of years Digits Sum-of-Years-D igits Double- declining balance
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