Question
You have been hired by Patterson Planning Corp., an events planning company that recently had a fire in which some of the accounting records were
You have been hired by Patterson Planning Corp., an events planning company that recently had a fire in which some of the accounting records were damaged. In reviewing the fixed asset records, you find four depreciation schedules that are not labeled. They are listed in the table below. One of the assets has a depreciation rate of $4.30 per hour
Year | Schedule A | Schedule B | Schedule C | Schedule D |
1 | $6,500 | $6,000 | $10,125 | $9,890 |
2 | 10,400 | 3,600 | 13,500 | 6,450 |
3 | 6,240 | 2,160 | 13,500 | 7,310 |
4 | 3737.50 | 1,296 | 13,500 | 6,880 |
5 | 3737.50 | 444 | 3,375 | 4300 |
6 | 1,885 | 6,880 | ||
7 | 4,730 | |||
8 | ||||
Total | $32,500 | $13,500 | $54,000 | $46,010 |
2. For each of the depreciation schedules shown on the Patterson Planning Corp. panel, fill in the information below. Leave any cells blank that cannot be determined from the depreciation schedule.
A | B | C | D | |
Useful life | 5 | |||
Residual value | $ | $1,500 | $ | $ |
Asset cost | $32,500 | |||
Total operating hours |
Please help complete the table.
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