Home Insert Page Layout Formulas Data Review View Liberation Sans12 A A Wrap Tex
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Home Insert Page Layout Formulas Data Review View Liberation Sans12 A A Wrap Text Ge Paste fc (150000-12000) (1700/10000) *(3/12) $150,000 Value Value Cost Less: Salvage value Depreciable cost Useful life (ycars) Annual depreciation Less: Salvage value Depreciable cost Useful life (years) Annual depreeiation Valuc 2017 Depreciation Annual Depreciation Months machine in use 2017 Depreciation: Annual Depreciation Months machine in use S27 Valuc 2017 partial year depreciation 56,900 2017 partial year depreciation $150,000 Cost Les: Salvage value Depreciable cost Useful life (hours) Depeeciable cost/hour Valuc Value Cost Less: Salvage value Depreciable cost Useful life (hours) Depreciable cost/hour Value 2017 Depreciation Deprcciable cost/hour Hours machine used 2017 Depreciation: Depreciable cost/hour Hours machine used 2017 depreciation expense Value 2017 depreciation expense 5865 Straight line rate Double the straight-line rate Value Value Straight-line rate Double the straight-line rate Value Value 2017 Depreciation 2017 Depreciation Cost Double the straight-line rate 2017 full year depreciatio Number of mooths in use 2017 partial year depreciation Double the straight-line rate 2017 full year depreciation Number of months in use Value alue 2017 partial year depreciation 2018 Depreciation 2018 Depreciation Value Value Less: accumulated depreciation, 2017 Valu Ending boak value, 2017 Valus Less: accumulated depreciation, 21 Ending book value, 2017 Value Beginning book value, 2018 Double the straight-line rValue 2018 depreciation expense- Valuc Beginning book value,201 Double the straight-line rate 2018 depreciation expenseExplanation / Answer
Straight Line Method
Amount
Amount
Cost
$ 150,000
$ 180,000
Less: Salvage cost
$ 12,000
$ 12,000
Depreciable Cost
$ 138,000
$ 168,000
Useful Life(5 years)
5
5
Annual Depreciation
$ 27,600
$ 33,600
2017 Depreciation
Annual Depreciation
$ 27,600
$ 33,600
Months machine in use
0
0
2017 partial year depreciation (only for 3 months )
$ 6,900
$ 8,400
Units of activity method
Amount
Amount
Cost
$ 150,000
$ 180,000
Less: Salvage cost
$ 12,000
$ 12,000
Depreciable Cost
$ 138,000
$ 168,000
Useful Life(10000 hours)
10000
10000
Depreciable Cost/hour
$ 13.8
$ 16.8
2017 Depreciaton
Depreciable Cost/hour
$ 14
$ 17
Months machine in use
1700
2100
2017 partial year depreciation (only for 3 months )
$ 5,865
$ 8,820
Declining Balance Method
Straight Line Rate (Annual Dep./Depreciable Cost)
20%
20%
Double the Straight Line Rate
40%
40%
2017 Depreciation:
Amount
Amount
Cost
$ 150,000
$ 180,000
Double the Straight Line Rate
40%
40%
2017 Full year Depreciation
$ 60,000
$ 72,000
Months machine in use
0
0
2017 partial year depreciation (only for 3 months )
$ 15,000
$ 18,000
2018 Depreciation:
Cost
$ 150,000
$ 180,000
Less: Accumulated Depreciation, 2017
$ 15,000
$ 18,000
Ending Book Value, 2017 or Beginning book value, 2018
$ 135,000
$ 162,000
Double the Straight Line Rate
40%
40%
2018 Full year Depreciation
$ 54,000
$ 64,800
Straight Line Method
Amount
Amount
Cost
$ 150,000
$ 180,000
Less: Salvage cost
$ 12,000
$ 12,000
Depreciable Cost
$ 138,000
$ 168,000
Useful Life(5 years)
5
5
Annual Depreciation
$ 27,600
$ 33,600
2017 Depreciation
Annual Depreciation
$ 27,600
$ 33,600
Months machine in use
0
0
2017 partial year depreciation (only for 3 months )
$ 6,900
$ 8,400
Units of activity method
Amount
Amount
Cost
$ 150,000
$ 180,000
Less: Salvage cost
$ 12,000
$ 12,000
Depreciable Cost
$ 138,000
$ 168,000
Useful Life(10000 hours)
10000
10000
Depreciable Cost/hour
$ 13.8
$ 16.8
2017 Depreciaton
Depreciable Cost/hour
$ 14
$ 17
Months machine in use
1700
2100
2017 partial year depreciation (only for 3 months )
$ 5,865
$ 8,820
Declining Balance Method
Straight Line Rate (Annual Dep./Depreciable Cost)
20%
20%
Double the Straight Line Rate
40%
40%
2017 Depreciation:
Amount
Amount
Cost
$ 150,000
$ 180,000
Double the Straight Line Rate
40%
40%
2017 Full year Depreciation
$ 60,000
$ 72,000
Months machine in use
0
0
2017 partial year depreciation (only for 3 months )
$ 15,000
$ 18,000
2018 Depreciation:
Cost
$ 150,000
$ 180,000
Less: Accumulated Depreciation, 2017
$ 15,000
$ 18,000
Ending Book Value, 2017 or Beginning book value, 2018
$ 135,000
$ 162,000
Double the Straight Line Rate
40%
40%
2018 Full year Depreciation
$ 54,000
$ 64,800
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