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 $
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section19.5: Declining-balance Method Of Depreciation
Problem 1WT
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