Swifty Industries presents you with the following information. Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to 0 decimal places, e.g. 45,892.) Description Date Purchased Cost Salvage Value Life in Years Depreciation Method Accumulated Depreciation to 12/31/21 Depreciation for 2022 Machine A 2/12/20 $146,800 $17,000 10 SYD $34,220 $20060 Machine B 8/15/19 81370 21,630 5 SL 29,870 11948 Machine C 7/21/18 67,200 23,500 8 DDB (A) (B) Machine D (C) 225,570 71,070 5 SYD 72,100 (D)
Swifty Industries presents you with the following information. Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to 0 decimal places, e.g. 45,892.) Description Date Purchased Cost Salvage Value Life in Years Depreciation Method Accumulated Depreciation to 12/31/21 Depreciation for 2022 Machine A 2/12/20 $146,800 $17,000 10 SYD $34,220 $20060 Machine B 8/15/19 81370 21,630 5 SL 29,870 11948 Machine C 7/21/18 67,200 23,500 8 DDB (A) (B) Machine D (C) 225,570 71,070 5 SYD 72,100 (D)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Swifty Industries presents you with the following information.
Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to 0 decimal places, e.g. 45,892.)
Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention. (Round answers to 0 decimal places, e.g. 45,892.)
|
Description
|
Date
Purchased |
Cost
|
Salvage
Value |
Life
in Years |
Method |
Accumulated
Depreciation to 12/31/21 |
Depreciation
for 2022 |
|||||||||||||
| Machine A | 2/12/20 | $146,800 | $17,000 | 10 |
SYD
|
$34,220 |
$20060
|
|||||||||||||
| Machine B | 8/15/19 |
81370
|
21,630 | 5 | SL | 29,870 |
11948
|
|||||||||||||
| Machine C | 7/21/18 | 67,200 | 23,500 | 8 | DDB | (A) |
|
(B) |
|
|||||||||||
| Machine D | (C) | 225,570 | 71,070 | 5 | SYD | 72,100 | (D) |
|
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