B55 Current Year 2025 x ✓ fx Original Year Placed in Service Useful Life Description Cost Salvage Value 2022 5 Shovel 50 10 2024 5 Garden fork 50 10 2022 5 Rake 50 10 2022 5 Dutch hoe 50 10 B2023 5 Garden fork 50 10 92021 7 Lawn Shears 20 5 0 2019 7 Pruners 80 10 11 2022 5 Trowel 20 5 12 2023 5 Chain Saw 650 50 13 2022 5 Power Trimmer 650 50 14 2020 10 Trailer for Equipment 2,000 200 15 2023 5 Push Lawnmower 1 1,100 150 16 2022 7 Dump Trailer 15,000 3,500 17 2022 5 Truck 1 35,000 3,000 18 2024 5 Truck 2 35,000 3,000 19 2023 5 Riding Lawnmover 4,500 500 20 2023 5 Push Lawnmower 2 500 100 21 22 23 Question 1 24 Which truck had higher straight-line depreciation expense than double-declining balance depreciation expense in 2025? 25 A 26 B 27 C 28. Truck 2 Truck 1 Dump Truck 29 30 Question 2 31 Which method calculated the most depreciation expense for the "Trailer for Equipment" in 2025? 32 A 33 B 34 C 35 Straight-Line Double-Declining Balance Sum-of-the-Year's Digits 36 Question 3 37 Overall, for 2025, which depreciation method had the most depreciation expense? 38 A Straight-Line 30 39 B 40 C 41 42 Question 4 Double-Dedining Balance Sum-of-the-Year's Digits 43 The lab presumes the depreciation expense for 2025. If we replace "2026" for "2025" in cell B1, we can compute the 44 depreciation expense for the year 2026. What is the straight-line depreciation for 2026 assuming no assets are added 45 or disposed during the year? 46 $ 47 48 Question 5 49 The lab presumes the depreciation expense for 2025. If we replace "2026" for "2025" in cell 81, we can compute the so depreciation expense for the year 2026. What is the double-dedining balance depreciation for 2026 assuming no assets are added 51 or disposed during the year? 52 $ 53 54 55 56 57 58 59 60 61
B55 Current Year 2025 x ✓ fx Original Year Placed in Service Useful Life Description Cost Salvage Value 2022 5 Shovel 50 10 2024 5 Garden fork 50 10 2022 5 Rake 50 10 2022 5 Dutch hoe 50 10 B2023 5 Garden fork 50 10 92021 7 Lawn Shears 20 5 0 2019 7 Pruners 80 10 11 2022 5 Trowel 20 5 12 2023 5 Chain Saw 650 50 13 2022 5 Power Trimmer 650 50 14 2020 10 Trailer for Equipment 2,000 200 15 2023 5 Push Lawnmower 1 1,100 150 16 2022 7 Dump Trailer 15,000 3,500 17 2022 5 Truck 1 35,000 3,000 18 2024 5 Truck 2 35,000 3,000 19 2023 5 Riding Lawnmover 4,500 500 20 2023 5 Push Lawnmower 2 500 100 21 22 23 Question 1 24 Which truck had higher straight-line depreciation expense than double-declining balance depreciation expense in 2025? 25 A 26 B 27 C 28. Truck 2 Truck 1 Dump Truck 29 30 Question 2 31 Which method calculated the most depreciation expense for the "Trailer for Equipment" in 2025? 32 A 33 B 34 C 35 Straight-Line Double-Declining Balance Sum-of-the-Year's Digits 36 Question 3 37 Overall, for 2025, which depreciation method had the most depreciation expense? 38 A Straight-Line 30 39 B 40 C 41 42 Question 4 Double-Dedining Balance Sum-of-the-Year's Digits 43 The lab presumes the depreciation expense for 2025. If we replace "2026" for "2025" in cell B1, we can compute the 44 depreciation expense for the year 2026. What is the straight-line depreciation for 2026 assuming no assets are added 45 or disposed during the year? 46 $ 47 48 Question 5 49 The lab presumes the depreciation expense for 2025. If we replace "2026" for "2025" in cell 81, we can compute the so depreciation expense for the year 2026. What is the double-dedining balance depreciation for 2026 assuming no assets are added 51 or disposed during the year? 52 $ 53 54 55 56 57 58 59 60 61
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:B55
Current Year
2025
x ✓ fx
Original
Year Placed in Service Useful Life Description
Cost
Salvage Value
2022
5
Shovel
50
10
2024
5
Garden fork
50
10
2022
5
Rake
50
10
2022
5
Dutch hoe
50
10
B2023
5
Garden fork
50
10
92021
7
Lawn Shears
20
5
0 2019
7
Pruners
80
10
11 2022
5
Trowel
20
5
12
2023
5
Chain Saw
650
50
13 2022
5
Power Trimmer
650
50
14
2020
10
Trailer for Equipment
2,000
200
15
2023
5
Push Lawnmower 1
1,100
150
16 2022
7
Dump Trailer
15,000
3,500
17 2022
5
Truck 1
35,000
3,000
18 2024
5
Truck 2
35,000
3,000
19 2023
5
Riding Lawnmover
4,500
500
20 2023
5
Push Lawnmower 2
500
100
21
22
23 Question 1
24 Which truck had higher straight-line depreciation expense than double-declining balance depreciation expense in 2025?
25 A
26 B
27 C
28.
Truck 2
Truck 1
Dump Truck
29
30 Question 2
31 Which method calculated the most depreciation expense for the "Trailer for Equipment" in 2025?
32 A
33 B
34 C
35
Straight-Line
Double-Declining Balance
Sum-of-the-Year's Digits
36 Question 3
37 Overall, for 2025, which depreciation method had the most depreciation expense?
38 A
Straight-Line 30
39 B
40 C
41
42 Question 4
Double-Dedining Balance
Sum-of-the-Year's Digits
43 The lab presumes the depreciation expense for 2025. If we replace "2026" for "2025" in cell B1, we can compute the
44 depreciation expense for the year 2026. What is the straight-line depreciation for 2026 assuming no assets are added
45 or disposed during the year?
46 $
47
48 Question 5
49 The lab presumes the depreciation expense for 2025. If we replace "2026" for "2025" in cell 81, we can compute the
so depreciation expense for the year 2026. What is the double-dedining balance depreciation for 2026 assuming no assets are added
51 or disposed during the year?
52 $
53
54
55
56
57
58
59
60
61
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