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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 ×

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 ×
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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