Year Schedule A Schedule B Schedule C 1 $6,000 $10,125 $8,600 2 3,600 13,500 6,450 3 2,160 13,500 7,310 4 1,296 13,500 6,450 5 444 3,375 4,300 6 6,880 7 4,730 8 Total $13,500 $54,000 $44,720 1. How would you adjust Schedule B if, at the beginning of Year 3, the asset was estimated to have 5 more years of life remaining, but with a residual value that was $2,500 higher? The total depreciation for this asset now will be $. The depreciation amount for Year 3 will be $.
Year Schedule A Schedule B Schedule C 1 $6,000 $10,125 $8,600 2 3,600 13,500 6,450 3 2,160 13,500 7,310 4 1,296 13,500 6,450 5 444 3,375 4,300 6 6,880 7 4,730 8 Total $13,500 $54,000 $44,720 1. How would you adjust Schedule B if, at the beginning of Year 3, the asset was estimated to have 5 more years of life remaining, but with a residual value that was $2,500 higher? The total depreciation for this asset now will be $. The depreciation amount for Year 3 will be $.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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| Year | Schedule A | Schedule B | Schedule C | ||||||
| 1 | $6,000 | $10,125 | $8,600 | ||||||
| 2 | 3,600 | 13,500 | 6,450 | ||||||
| 3 | 2,160 | 13,500 | 7,310 | ||||||
| 4 | 1,296 | 13,500 | 6,450 | ||||||
| 5 | 444 | 3,375 | 4,300 | ||||||
| 6 | 6,880 | ||||||||
| 7 | 4,730 | ||||||||
| 8 | |||||||||
| Total | $13,500 | $54,000 | $44,720 |
1. How would you adjust Schedule B if, at the beginning of Year 3, the asset was estimated to have 5 more years of life remaining, but with a residual value that was $2,500 higher?
The total
The depreciation amount for Year 3 will be $.
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