Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Original Cost Estimated Residual Value Estimated Useful Years Estimated Units $ 139,200 $ 34,800 6 46,000 Actual Units: Year 1 4,600 Year 2 8,280 Year 3 10,120 Year 4 11,040 Year 5 9,200 Year 6 7,360 50,600 Required: 1. Use your spreadsheet to recalculate Depreciation Expense, Accumulated Depreciation, and the Book Value for Year 6 under each method. Note your revised values below. > Answer is complete but not entirely correct. Straight- Line Double- Declining- Balance Activity- Based Depreciation Expense $ Accumulated Depreciation 17,400 $ 104,400 0 $ 16,704 × 208,800 × 16,704 x Book Value 34,800 (69,600) ☑ 24,360 ×
Revise your worksheet to reflect these updated assumptions and then answer the questions that follow. Original Cost Estimated Residual Value Estimated Useful Years Estimated Units $ 139,200 $ 34,800 6 46,000 Actual Units: Year 1 4,600 Year 2 8,280 Year 3 10,120 Year 4 11,040 Year 5 9,200 Year 6 7,360 50,600 Required: 1. Use your spreadsheet to recalculate Depreciation Expense, Accumulated Depreciation, and the Book Value for Year 6 under each method. Note your revised values below. > Answer is complete but not entirely correct. Straight- Line Double- Declining- Balance Activity- Based Depreciation Expense $ Accumulated Depreciation 17,400 $ 104,400 0 $ 16,704 × 208,800 × 16,704 x Book Value 34,800 (69,600) ☑ 24,360 ×
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Revise your worksheet to reflect these updated assumptions and then answer the questions that follow.
Original Cost
Estimated Residual Value
Estimated Useful Years
Estimated Units
$ 139,200
$ 34,800
6
46,000
Actual Units:
Year 1
4,600
Year 2
8,280
Year 3
10,120
Year 4
11,040
Year 5
9,200
Year 6
7,360
50,600
Required:
1. Use your spreadsheet to recalculate Depreciation Expense, Accumulated Depreciation, and the Book Value for Year 6 under
each method. Note your revised values below.
> Answer is complete but not entirely correct.
Straight-
Line
Double-
Declining-
Balance
Activity-
Based
Depreciation Expense
$
Accumulated Depreciation
17,400 $
104,400
0 $
16,704 ×
208,800 ×
16,704 x
Book Value
34,800
(69,600) ☑
24,360 ×
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