On January 2, the Hartley Clinic purchased a new surgical laser for $90,000. The estimated salvage value is $5,000. The laser has a useful life of five years, and the clinic expects to use it 10,000 hours. It was used 1,600 hours in year 1; 2,200 hours in year 2; 2,400 hours in year 3; 1,800 hours in year 4; 2,000 hours in year 5. Complete the following: Straight-line method: Year 1 2 3 4 5 Units-of-activity method: Year 1 2 3 4 5 Cost Depreciation Expense Accumulated Deprec. Book Value Year 1 2 3 4 5 Cost Depreciation Expense Double-declining-balance method: Accumulated Deprec. Book Value Cost Depreciation Expense Accumulated Deprec. Book Value
On January 2, the Hartley Clinic purchased a new surgical laser for $90,000. The estimated salvage value is $5,000. The laser has a useful life of five years, and the clinic expects to use it 10,000 hours. It was used 1,600 hours in year 1; 2,200 hours in year 2; 2,400 hours in year 3; 1,800 hours in year 4; 2,000 hours in year 5. Complete the following: Straight-line method: Year 1 2 3 4 5 Units-of-activity method: Year 1 2 3 4 5 Cost Depreciation Expense Accumulated Deprec. Book Value Year 1 2 3 4 5 Cost Depreciation Expense Double-declining-balance method: Accumulated Deprec. Book Value Cost Depreciation Expense Accumulated Deprec. Book Value
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:On January 2, the Hartley Clinic purchased a new surgical laser for $90,000. The estimated salvage value is $5,000. The laser has a
useful life of five years, and the clinic expects to use it 10,000 hours. It was used 1,600 hours in year 1; 2,200 hours in year 2; 2,400
hours in year 3; 1,800 hours in year 4; 2,000 hours in year 5. Complete the following:
Straight-line method:
Year 1
2
3
4
5
Units-of-activity method:
Year 1
2
3
4
5
Cost Depreciation Expense Accumulated Deprec. Book Value
Year 1
2
3
Double-declining-balance method:
4
5
Cost Depreciation Expense Accumulated Deprec. Book Value
Cost Depreciation Expense Accumulated Deprec. Book Value
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