On January 1, 20X4, XYZ Company purchased a truck for $120,000. The truck is expected to have an estimated useful life of 5 years or 125,000 miles, and the company estimates that it will be able to dispose of the truck at the end of its useful life for $20,000. Complete the tables below using the specified depreciation method. a) Straight-line Depreciation Accumulated Book Value After Year's Year Computation Expense Depreciation Depreciation 20X4 20X5 20X6 20X7 20X8 b) Double-declining Depreciation Accumulated Book Value After Year's Year Computation Expense Depreciation Depreciation 20X4 20X5 20X6 20X7 20X8

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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18
20X7
19
20X8
20
21
b) Double-declining
Depreciation
Accumulated
Book Value After Year's
22
Year
Computation
Expense
Depreciation
Depreciation
23
20X4
24
20X5
25
20X6
26
20X7
27
20X8
28
c) Units-of-activity (Assume the truck was driven 10,000 miles, 50,000 miles, 20,000 miles, 20,000 miles, and
29
30,000 miles in 20X4-20X8, respectively.)
Depreciation
Accumulated
Book Value After Year's
30
Year
Computation
Expense
Depreciation
Depreciation
31
20X4
32
20X5
33
20X6
34
20X7
35
20X8
36
37
Sheet1
囲
100%
>
Transcribed Image Text:AutoSave Off ACG2001 Module 10 Excel Quiz (1) Protected View p Search Sebastian Beltran SB File Home Insert Page Layout Formulas Data Review View Help 2 Share Comments PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing H9 fx A В C D E F G H K M P 18 20X7 19 20X8 20 21 b) Double-declining Depreciation Accumulated Book Value After Year's 22 Year Computation Expense Depreciation Depreciation 23 20X4 24 20X5 25 20X6 26 20X7 27 20X8 28 c) Units-of-activity (Assume the truck was driven 10,000 miles, 50,000 miles, 20,000 miles, 20,000 miles, and 29 30,000 miles in 20X4-20X8, respectively.) Depreciation Accumulated Book Value After Year's 30 Year Computation Expense Depreciation Depreciation 31 20X4 32 20X5 33 20X6 34 20X7 35 20X8 36 37 Sheet1 囲 100% >
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On January 1, 20X4, XYZ Company purchased a truck for $120,000. The truck is expected to have an estimated useful
life of 5 years or 125,000 miles, and the company estimates that it will be able to dispose of the truck at the end of its
useful life for $20,000.
9
10
11
Complete the tables below using the specified depreciation method.
12
13
a) Straight-line
Depreciation
Accumulated
Book Value After Year's
14
Year
Computation
Expense
Depreciation
Depreciation
15
20X4
16
20X5
17
20X6
18
20X7
19
20X8
20
21
b) Double-declining
Depreciation
Accumulated
Book Value After Year's
22
Year
Computation
Expense
Depreciation
Depreciation
23
20X4
24
20X5
25
20X6
26
20X7
27
20X8
Sheet1
囲
100%
>
Transcribed Image Text:AutoSave Off ACG2001 Module 10 Excel Quiz (1) Protected View p Search Sebastian Beltran SB File Home Insert Page Layout Formulas Data Review View Help 2 Share Comments PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing H9 fx A В C D E F G H K L M P On January 1, 20X4, XYZ Company purchased a truck for $120,000. The truck is expected to have an estimated useful life of 5 years or 125,000 miles, and the company estimates that it will be able to dispose of the truck at the end of its useful life for $20,000. 9 10 11 Complete the tables below using the specified depreciation method. 12 13 a) Straight-line Depreciation Accumulated Book Value After Year's 14 Year Computation Expense Depreciation Depreciation 15 20X4 16 20X5 17 20X6 18 20X7 19 20X8 20 21 b) Double-declining Depreciation Accumulated Book Value After Year's 22 Year Computation Expense Depreciation Depreciation 23 20X4 24 20X5 25 20X6 26 20X7 27 20X8 Sheet1 囲 100% >
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