You have been hired by Patterson Planning Corp., an events planning company that

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 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

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.

Please help complete the table.

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

Explanation / Answer

Scehdule D was unable to determine due to not macthing the data so, i left the blank

A B C D Useful Life 6 5 5 Residual Value $0 $1,500 $0 Asset Cost 32500 15,000 54,000 Total Operating Hours 7558 3140 12558

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