Chapter 10, Problem 9QS

1.

To determine

Concept Introduction:

Depreciation: The process of allocating the cost of a plant to the expense over its useful life is called depreciation. The most common method of depreciation is a straight-line method of depreciation where the total cost of the asset is divided by its useful life and each year equal portion of the asset is expensed.

The depreciation expense for the last three months of the first year.

2.

To determine

Concept Introduction:

Depreciation: The process of allocating the cost of a plant to the expense over its useful life is called depreciation. The most common method of depreciation is a straight-line method of depreciation where the total cost of the asset is divided by its useful life and each year an equal portion of the asset is expensed.

The depreciation expense for the second year.