Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chapter 11 In Class Exercises: Depreciation Methods Scenario: Costa 469,000 Useful Life (Years) - 5 Useful Life (Hours) = 140,000 Salvage Value - 39,000 1)
Chapter 11 In Class Exercises: Depreciation Methods Scenario: Costa 469,000 Useful Life (Years) - 5 Useful Life (Hours) = 140,000 Salvage Value - 39,000 1) Method 1: Straight Line Depreciable Cost Depreciation Rate Annual Depr Exp Accum. Depr. Book Value Year 2018 2019 2020 2021 2022 = Salvage Value = Depr. Cost 2) Method 2: Units of Activity Depreciation Rate Annual Depr Exp Accum. Depr. Book Value Year 1 2018 2019 2020 2021 2022 Units of Activity 30,000 20,000 25,000 40,000 25,000 140,000 = Salvage Value = Depr. Cost 3) Method 3: Double-Declining Balance Book Value Beg. Of Year Depreciation Annual Depr Rate Exp Accum. Depr. Book Value Year 2018 2019 2020 2021 2022 = Salvage Value PLUG = Depr. Cost 14) Method 4: Sum of Years Digits Accum. Depreciable Cost Depreciation Rate Annual Depr Exp Depr. Book Value Year 2018 2019 2020 2021 2022 = Salvage Value = Depr. Cost
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started