Prepare depreciation schedules for the following methods a) Double Declining Balance Method b) Units-Of-Activity Method
Prepare depreciation schedules for the following methods a) Double Declining Balance Method b) Units-Of-Activity Method
Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter10: Long-lived Tangible And Intangible Assets
Section: Chapter Questions
Problem 19E
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Question
Question:
![Ravhan Company purchased equipment at a cost of $80,000 on January 01, 2014. This equipment has a
life time of 4 years which is equivalent to 100,000 operating hours and a salvage value of $5,000. Actual
annual usages are:
Year
2014
2015
2016
2017
Actual Usage in
hours
30,000
20,000
40,000
10,000
Prepare depreciation schedules for the following methods
a) Double Declining Balance Method
b) Units-Of-Activity Method](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9405d880-be2e-469f-a22d-890ce1869c57%2Fda756ae7-6be6-404c-9f03-7132c8cdf18b%2Fh47chd7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Ravhan Company purchased equipment at a cost of $80,000 on January 01, 2014. This equipment has a
life time of 4 years which is equivalent to 100,000 operating hours and a salvage value of $5,000. Actual
annual usages are:
Year
2014
2015
2016
2017
Actual Usage in
hours
30,000
20,000
40,000
10,000
Prepare depreciation schedules for the following methods
a) Double Declining Balance Method
b) Units-Of-Activity Method
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