OnJanuary 1 of the current y ear, the Jordan Morris Company purchased office machinery for $94,000. 3 The office machinery has an estimated useful life of 5 years and an estimated salvage value of $9,000. Complete the depreciation schedule below. Each formula in column D must include the DDB function. 7 Cost $94,000 Salvage Life (in years) $9,000 10 11 12 January 1 book value Depreciation Expense 13 Accumulated December 31 Year Depreciation book value 14 1 15 16 3. 17 18 19 20 21 22 23 24
OnJanuary 1 of the current y ear, the Jordan Morris Company purchased office machinery for $94,000. 3 The office machinery has an estimated useful life of 5 years and an estimated salvage value of $9,000. Complete the depreciation schedule below. Each formula in column D must include the DDB function. 7 Cost $94,000 Salvage Life (in years) $9,000 10 11 12 January 1 book value Depreciation Expense 13 Accumulated December 31 Year Depreciation book value 14 1 15 16 3. 17 18 19 20 21 22 23 24
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 9MCQ: Chapman Inc. purchased a piece of equipment in 2018. Chapman depreciated the equipment on a...
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I need the formulas. Please and thank you!
![On January 1 of the current year, the Jordan Morris Company purchased office machinery for $94,000.
The office machinery has an estimated useful life of 5 years and an estimated salvage value of $9,000.
Complete the depreciation schedule below.
4
5.
Each formula in column D must include the DDB function.
Cost
$94,000
Salvage
Life (in years)
$9,000
6.
10
11
12
January 1
book value
Depreciation Accumulated
Expense
13
December 31
Year
Depreciation
book value
14
15
16
17
18
19
20
21
22
23
24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F97b5df25-1667-438a-b46e-c2a0d1ae7c86%2Fd6e5e1e0-397f-48a8-bd91-30c5b353aaa2%2Fp4hbt4b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On January 1 of the current year, the Jordan Morris Company purchased office machinery for $94,000.
The office machinery has an estimated useful life of 5 years and an estimated salvage value of $9,000.
Complete the depreciation schedule below.
4
5.
Each formula in column D must include the DDB function.
Cost
$94,000
Salvage
Life (in years)
$9,000
6.
10
11
12
January 1
book value
Depreciation Accumulated
Expense
13
December 31
Year
Depreciation
book value
14
15
16
17
18
19
20
21
22
23
24
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