Help with incorrect table values Billings Corporation purchased a wood pulp mixer for $17,400. Delivery costs totaled $464. The useful is 7 years, and the salvage value is $1,260.Prepare a depreciation schedule using the sum-of-the-years' digits method.Year Total Depreciation ($)1234567$ 16604$16604$16604$ 16604$ 16604$ 16604$ 16604S1XXDepreciation Rate Fraction7/286/285/284/283/282/28Billings CorporationSYD Depreciation Schedule-Wood Pulp MixerAnnual Depreciation ($)1/2811S=II=$4151$ 3573$ 2995$ 2417$ 1779$1186$593xXXAccumulated Depreciation ($)$4151$7724$ 10719$ 13136$ 14915$16101$16894>XXXX $6885XBook Value ($)$17,864 (new)x$13713$9880$4468$ 2889$1503$910✔XXXxx

Name: Help with incorrect table values Billings Corporation purchased a wood
Uploaded: 2024-03-05T11:50:36.000Z
Channel: Bartleby
Description: Help with incorrect table values Billings Corporation purchased a wood pulp mixer for $17,400. Delivery costs totaled $464. The useful is 7 years, and the salvage value is $1,260.Prepare a depreciation schedule using the sum-of-the-years' digits meth

Sum of Years Digit Method of Depreciation: Under this method of depreciation, the book value of the…

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Billings Corporation purchased a wood pulp mixer for $17,400. Delivery costs totaled $464. The useful is 7 years, and the salvage value Prepare a depreciation schedule using the sum-of-the-years' digits method. Billings Corporation SYD Depreciation Schedule-Wood Pulp Mixer Year Total Depreciation ($)x Depreciation Rate Fraction = Annual Depreciation ($) Accumulated Depreciation ($) 1 2 3 4 5 6 7 $10004 $10004 $10004 $ 10004 $10004 $10004 $10004 ✔ ✔ ✔ ✓ ✓ X x x x x 7/28 6/28 5/28 4/28 3/28 2/28 1/28 ✔ ✔ > > > = = = = $4151 $ 3573 $ 2005 $2417 $1770 $ 1180 $ 503 ✔ x x x ✔ ✔ $4151 $7724 $ 10719 $13136 $ 14015 $ 10101 $10004 x x x x x x Book Value ($) $13713 $0880 $6885 $ 4408 $2680 $1503 $17,864 (new) 1✔ $910 x x x x x x