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8:08 l LTE O AA v2.cengagenow.com CengageNOWv2 | Online teaching and leaming resource from Cengage Learning Close Window Print 1. PR.10-02A.BLANKSHEET eBook Show Me How Comparing three depreciation methods Instructions Depreciation Expense Final Questions Instructions Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLINING BALANCE ONLY, round the multiplier five decimal places. Then round the answer for each year to the nearest whole dollar.) 2. What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the three-year life of the equipment? 8:08 l LTE O AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Learning Close Window Comparing three depreciation methods Instructions Depreciation Expense Final Questions Depreciation Expense 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLINING BALANCE ONLY, round the multiplier to five decimal places. Then round the answer for each year to the nearest whole dollar.) Depreciation Expense Double- Units-of- Straight-Line Declining- Year Activity Method Balance Method Method Year 1 Year 2 Year 3 Total. 2. PR.10-03A

8:08 l LTE O AA v2.cengagenow.com CengageNOWv2 | Online teaching and leaming resource from Cengage Learning Close Window Print 1. PR.10-02A.BLANKSHEET eBook Show Me How Comparing three depreciation methods Instructions Depreciation Expense Final Questions Instructions Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLINING BALANCE ONLY, round the multiplier five decimal places. Then round the answer for each year to the nearest whole dollar.) 2. What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the three-year life of the equipment? 8:08 l LTE O AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Learning Close Window Comparing three depreciation methods Instructions Depreciation Expense Final Questions Depreciation Expense 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLINING BALANCE ONLY, round the multiplier to five decimal places. Then round the answer for each year to the nearest whole dollar.) Depreciation Expense Double- Units-of- Straight-Line Declining- Year Activity Method Balance Method Method Year 1 Year 2 Year 3 Total. 2. PR.10-03A

Century 21 Accounting Multicolumn Journal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section19.3: Journalizing Depreciation Expense
Problem 1OYO
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8:08 l LTE O AA v2.cengagenow.com CengageNOWv2 | Online teaching and leaming resource from Cengage Learning Close Window Print 1. PR.10-02A.BLANKSHEET eBook Show Me How Comparing three depreciation methods Instructions Depreciation Expense Final Questions Instructions Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLINING BALANCE ONLY, round the multiplier five decimal places. Then round the answer for each year to the nearest whole dollar.) 2. What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the three-year life of the equipment?
Transcribed Image Text:8:08 l LTE O AA v2.cengagenow.com CengageNOWv2 | Online teaching and leaming resource from Cengage Learning Close Window Print 1. PR.10-02A.BLANKSHEET eBook Show Me How Comparing three depreciation methods Instructions Depreciation Expense Final Questions Instructions Dexter Industries purchased packaging equipment on January 8 for $72,000. The equipment was expected to have a useful life of three years, or 18,000 operating hours, and a residual value of $4,500. The equipment was used for 7,600 hours during Year 1, 6,000 hours in Year 2, and 4,400 hours in Year 3. Required: 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLINING BALANCE ONLY, round the multiplier five decimal places. Then round the answer for each year to the nearest whole dollar.) 2. What method yields the highest depreciation expense for Year 1? 3. What method yields the most depreciation over the three-year life of the equipment?
8:08 l LTE O AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Learning Close Window Comparing three depreciation methods Instructions Depreciation Expense Final Questions Depreciation Expense 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLINING BALANCE ONLY, round the multiplier to five decimal places. Then round the answer for each year to the nearest whole dollar.) Depreciation Expense Double- Units-of- Straight-Line Declining- Year Activity Method Balance Method Method Year 1 Year 2 Year 3 Total. 2. PR.10-03A
Transcribed Image Text:8:08 l LTE O AA v2.cengagenow.com CengageNOWv2 | Online teaching and learning resource from Cengage Learning Close Window Comparing three depreciation methods Instructions Depreciation Expense Final Questions Depreciation Expense 1. Determine the amount of depreciation expense for the three years ending December 31, by (a) the straight-line method, (b) the units-of-activity method, and (c) the double-declining-balance method. Also determine the total depreciation expense for the three years by each method. (Note: For DECLINING BALANCE ONLY, round the multiplier to five decimal places. Then round the answer for each year to the nearest whole dollar.) Depreciation Expense Double- Units-of- Straight-Line Declining- Year Activity Method Balance Method Method Year 1 Year 2 Year 3 Total. 2. PR.10-03A
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