From the following facts, complete a depreciation schedule by using the straight-line method: Note: Input all amounts as positive values. Cost of Honda Accord Hybrid Residual value Estimated life End of year 1 End of year 2 End of year 3 End of year 4 End of year 5 End of year 6 Cost of Honda Accord $ $ $ $ $ $ Depreciation expense for year 40,200 $ 40,200 $ 40,200 $ 40,200 $ 40,200 $ 40,200 $ $ 40,200 $ 5,600 8 years Accumulated depreciation at end of year 4,325 $ 4,325 $ 4,325 $ 4,325 $ 4,325 $ 4,325 $ Book value at end of year 35,875 31,550 27,225 22,900 18,575 14,250 4,325 $ 8,650 $ 12,975 $ 17,300 21,625 $ 25,950 $ Ꮚ ᏌᏊ $
From the following facts, complete a depreciation schedule by using the straight-line method: Note: Input all amounts as positive values. Cost of Honda Accord Hybrid Residual value Estimated life End of year 1 End of year 2 End of year 3 End of year 4 End of year 5 End of year 6 Cost of Honda Accord $ $ $ $ $ $ Depreciation expense for year 40,200 $ 40,200 $ 40,200 $ 40,200 $ 40,200 $ 40,200 $ $ 40,200 $ 5,600 8 years Accumulated depreciation at end of year 4,325 $ 4,325 $ 4,325 $ 4,325 $ 4,325 $ 4,325 $ Book value at end of year 35,875 31,550 27,225 22,900 18,575 14,250 4,325 $ 8,650 $ 12,975 $ 17,300 21,625 $ 25,950 $ Ꮚ ᏌᏊ $
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:From the following facts, complete a depreciation schedule by using the straight-line method:
Note: Input all amounts as positive values.
Cost of Honda Accord Hybrid
Residual value
Estimated life
End of year 1
End of year 2
End of year 3
End of year 4
End of year 5
End of year 6
Cost of Honda
Accord
S
S
S
$
Depreciation
expense for
year
40,200
$
40,200 $
40,200 $
40.200 $
40.200 $
40.200 S
60
$ 40,200
$ 5,600
8 years
Accumulated
depreciation at
end of year
4,325
$
8,650 $
12,975 $
17.300
21.625
25.950
4,325 $
4.325
4.325 $
4,325 $
4.325 $
4.325 S
Book value at
end of year
35,875
31,550
27.225
22,900
18,575
14,250
$
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