Complete the Form 4562 using the following information provided.     Himple Retail Fixed Asset Rollforward 12/31/2019 (book basis)     DEPR   COST   2017 2018 2019   ACCUM   NET BOOK ASSET IN SERVICE METHOD LIFE BASIS DEPR DEPR DEPR DEPR VALUE CASH REGISTER 2/15/2017 SL 5 9,900.00 1,815.00 1,980.00 1,980.00 5,775.00 4,125.00 2017 TOTAL ADDITIONS       9,900.00 1,815.00 1,980.00 1,980.00 5,775.00 4,125.00 RETAIL FIXTURES 10/12/2018 SL 7 4,750.00   169.64 678.57 848.21 3,901.79 FURNITURE 10/12/2018 SL 7 3,900.00   139.29 557.14 696.43 3,203.57 2018 TOTAL ADDITIONS       8,650.00 - 308.93 1,235.71 1,544.64 7,105.36 TOTAL       18,550.00 1,815.00 2,288.93 3,215.71 7,319.64 11,230.36 DELIVERY TRUCK 6/1/2019 SL 5 37,500.00     4,375.00 4,375.00 33,125.00 DESK AND CABINETRY 6/1/2019 SL 7 11,900.00     991.67 991.67 10,908.33 COMPUTER 6/1/2019 SL 5 2,800.00     326.67 326.67 2,473.33 2019 TOTAL ADDITIONS       52,200.00 - - 5,693.34 5,693.34 46,506.66 TOTAL

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question
 
 Complete the Form 4562 using the following information provided.
 

 

Himple Retail
Fixed Asset Rollforward
12/31/2019
(book basis)
    DEPR   COST   2017 2018 2019   ACCUM   NET BOOK
ASSET IN SERVICE METHOD LIFE BASIS DEPR DEPR DEPR DEPR VALUE
CASH REGISTER 2/15/2017 SL 5 9,900.00 1,815.00 1,980.00 1,980.00 5,775.00 4,125.00
2017 TOTAL ADDITIONS       9,900.00 1,815.00 1,980.00 1,980.00 5,775.00 4,125.00

RETAIL FIXTURES

10/12/2018

SL

7

4,750.00
 
169.64

678.57

848.21

3,901.79
FURNITURE 10/12/2018 SL 7 3,900.00   139.29 557.14 696.43 3,203.57
2018 TOTAL ADDITIONS       8,650.00 - 308.93 1,235.71 1,544.64 7,105.36
TOTAL       18,550.00 1,815.00 2,288.93 3,215.71 7,319.64 11,230.36

DELIVERY TRUCK

6/1/2019

SL

5

37,500.00
   
4,375.00

4,375.00

33,125.00
DESK AND CABINETRY 6/1/2019 SL 7 11,900.00     991.67 991.67 10,908.33
COMPUTER 6/1/2019 SL 5 2,800.00     326.67 326.67 2,473.33
2019 TOTAL ADDITIONS       52,200.00 - - 5,693.34 5,693.34 46,506.66
TOTAL       70,750.00 1,815.00 2,288.93 8,909.05 13,012.98 57,737.02
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Accounting for Income Taxes
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education