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Two charts below need answers: Mediocre Corporation purchased new equipment with a cost of $450,000. The salvage value of the equipment was estimated to be
Two charts below need answers:
Mediocre Corporation purchased new equipment with a cost of $450,000. The salvage value of the equipment was estimated to be $10,000. The useful life of the equipment is estimated to be 5 years. Fill in the depreciation schedule below using the straight-line method of depreciation: Year Cost Book Value Begin Deprec. Expense Accum. Deprec. Book Value Ending - depr exp. =Cost - A/D 1 450,000 Select) Select Select Select 2 450.000 Select) Select Select Select 3 450,000 Select) Select) Select) Select) 4 450,000 Select) Select ] Select) Select) 5 450,000 Select] Select Select] 10,000 Mediocre Corporation purchased new equipment with a cost of $450,000. The salvage value of the equipment was estimated to be $10,000. The useful life of the equipment is estimated to be 220.000 units lifetime. The equipment produced 65.000 units in year 1: 40,000 units in year 2:55.000 units in year 3: 25.000 units in year 4; and 35,000 units in year 5. Fill in the depreciation schedule below using the straight-line method of depreciation: Year Units Cost Book Book Value. Deprec. Accum. Value, Expense Deprec. Ending Begin. - depr -Cost exp. . A/D 65.000 units 450.000 Select Select Select Select Select 40,000 |450,000 Select Select Select units Select 3 55,000 | 450,000 Select Select Select units 25,000 units 450,000 Select Select] Select Select 35,000 450,000 Select Select units Select 10,000Step by Step Solution
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