1 Prepare a complete depreciation table under the straight-line method. Assume t

Question

1Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2011.

Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year of depreciation was taken in 2011.

Prepare a complete depreciation table under the 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. Assume that a full year of depreciation was taken in 2011.

On January 2, 2011, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $60,000 with a residual value of $4,100.

Explanation / Answer

200% Double Declining Balance Depreciation Schedule

150% Declining Balance to Straight-LineDepreciation Schedule

Straight Line Depreciation Schedule Year
Book Value
Year Start Depreciation
Expense Accumulated
Depreciation Book Value
Year End 2011 $60,000 $11,180.00 $11,180 $48,820 2012 $48,820 $11,180.00 $22,360 $37,640 2013 $37,640 $11,180.00 $33,540 $26,460 2014 $26,460 $11,180.00 $44,720 $15,280 2015 $15,280 $11,180.00 $55,900 $4,100

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