Use the following to answer questions 5 15

JMM Property Management purchased a fleet of new mowers for an acquisition cost of $194,800. The company estimates the equipment will have a residual value of $31,000 when they are done using the mowers at the end of four years or about 182,000 machine hours.

Question 5

Prepare a depreciation schedule for four years using the following methods (straight-line and declining balance) Straight-line:

Year Depreciation Expense Accumulated Depreciation Net Book Value

At acquisition

1

2

3 5

4 6 7 8

Question 6

160% declining balance:

Year Depreciation Expense Accumulated Depreciation Net Book Value

At acquisition

1

2 9 10 11

3 12 13

4

Question 5 1.88 pts Prepare a depreciation schedule for four years using the following methods (straight-line and declining balance) Straight-line: Accumulated Year Depreciation Net Book Value Expense Depreciation At acquisition 3 Question 6 2.35 pts 160% deciningbalarce Accumulated YearDepreciation Net Book Value Expense Depreciation At acquisition 9 10 2 12 13