Use the following to answer questions 5 - 15

DT Property Management purchased a fleet of new mowers for an acquisition cost of $250,000. The company estimates the equipment will have a residual value of $30,000 when they are done using the mowers at the end of four years or about 176,000 machine hours. Prepare a depreciation schedule for four years using the following methods (straight-line and declining balance)

Use the following to answer questions 5 - 15 DT Property Management purchased a fleet of new mowers for an acquisition cost of $250,000. The company estimates the equipment will have a residual value of $30,000 when they are done using the mowers at the end of four years or about 176,000 machine hours. Prepare a depreciation schedule for four years using the following methods (straight-line and declining balance) Straight-line depreciation method: 5. S Using Straight-line depreciation what is the book value at the end of year 3? 6.5 Using Straight-line depreciation what is depreciation expense for year 4? 7.5 _Using Straight-line depreciation what is accumulated depreciation at the end of year 47 8.5 Using Straight-line depreciation what is the book value at the end of year 4? 180% declining balance: 9.5 Using 180% declining balance depreciation what is depreciation expense for year 27 10.5 Using 180% declining balance depreciation what is accumulated depreciation at the end of year ?? 11.S Using 180% declining balance depreciation what is book value at the end of year 2? 12.5 Using 180% declining balance depreciation what is depreciation expense for year 3? 13.5 Using 180% declining balance depreciation what is depreciation expense for year 47 DT Property management used the mowers as follows: Year Activity (MI) 1 43.000 2 44,000 3 45.100 4 43,900 14. Under activity based depreciation, what is the amount of depreciation essense they would have recorded for year 3? 3 15. Under activity based depreciation; what is the book value at the end of year 3? S