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The depreciation schedule for certain equipment has been arrived at by various methods. The estimated salvage value of the equipment at the end of its 7 years useful life is $493. Identify the resulting depreciation schedules. YEAR I II 1 $1526 2670.5 3193 2 3 $1526 1907.5 1629 4 $1526 1526 1164 5 6 7 IV 4020 $1526 2289 2281 2574 1648 1055 $1526 1144.5 831 676 $1526 763 593 433 $1526 381.5 424 277 Which scheme represents SOYD depreciation and how much is the first year depreciation ? O a. III, $3193 O b. IV, $4020 O c. II, $2670 O d. 1, $1526

The depreciation schedule for certain equipment has been arrived at by various methods. The estimated salvage value of the equipment at the end of its 7 years useful life is $493. Identify the resulting depreciation schedules. YEAR I II 1 $1526 2670.5 3193 2 3 $1526 1907.5 1629 4 $1526 1526 1164 5 6 7 IV 4020 $1526 2289 2281 2574 1648 1055 $1526 1144.5 831 676 $1526 763 593 433 $1526 381.5 424 277 Which scheme represents SOYD depreciation and how much is the first year depreciation ? O a. III, $3193 O b. IV, $4020 O c. II, $2670 O d. 1, $1526

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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The depreciation schedule for certain equipment has been arrived at by various methods. The estimated salvage value of the equipment at the end of its 7 years useful life is $493. Identify the resulting depreciation schedules. YEAR I II IV 1 $1526 2670.5 3193 4020 2 $1526 2289 2281 2574 3 $1526 1907.5 1629 1648 4 $1526 1526 1164 1055 5 $1526 1144.5 831 676 6 $1526 763 593 433 7 $1526 381.5 424 277 Which scheme represents SOYD depreciation and how much is the first year depreciation ? O a. III, $3193 O b. IV, $4020 O c. II, $2670 O d. 1, $1526
Transcribed Image Text:The depreciation schedule for certain equipment has been arrived at by various methods. The estimated salvage value of the equipment at the end of its 7 years useful life is $493. Identify the resulting depreciation schedules. YEAR I II IV 1 $1526 2670.5 3193 4020 2 $1526 2289 2281 2574 3 $1526 1907.5 1629 1648 4 $1526 1526 1164 1055 5 $1526 1144.5 831 676 6 $1526 763 593 433 7 $1526 381.5 424 277 Which scheme represents SOYD depreciation and how much is the first year depreciation ? O a. III, $3193 O b. IV, $4020 O c. II, $2670 O d. 1, $1526
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