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Accounting Homework 4

# Accounting Homework 4 - Table 1 Bus#3 Cost Fiscal Year...

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Mike Gemmati Table 1: Bus #1 (change title for Bus #3 table) Cost: Fiscal Year Bus #1 2005  \$86,000   \$20,000   \$20,000   \$66,000  2006  \$66,000   \$20,000   \$40,000   \$46,000  2007  \$46,000   \$20,000   \$60,000   \$26,000    Table 2: Bus #1 (change title for Bus #3 table) Cost Salvage Value Depreciation Expense 2005  \$86,000   \$6,000   \$80,000   \$20,000  2006  \$86,000   \$6,000   \$80,000   \$20,000  2007  \$86,000   \$6,000   \$80,000   \$20,000  Cost - Salvage Value = Depreciable Cost Depreciable Cost / Useful Life(in years) = Depreciation Expense Depreciation  Expense per  Table 2: Accumulated  Depreciation at  Year-end Net Book Value at  Year-end Bus #1:  Depreciation  expense   computations  for each year Depreciable  Cost

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Mike Gemmati
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Unformatted text preview: Table 1: Bus #3 Cost: Fiscal Year Bus #3 2005 \$100,000 \$18,200 \$18,200 \$81,800 2006 \$81,000 \$20,400 \$38,600 \$60,600 2007 \$60,600 \$12,000 \$50,600 \$48,600 Table 2: Bus #3 Cost Salvage Value Depreciable Cost 2005 \$100,000 \$9,000 \$91,000 \$18,200 2006 \$81,800 \$9,000 \$72,000 \$20,400 2007 \$60,600 \$9,000 \$51,600 \$12,000 Depreciable Cost / Total Units of Activity = Depreciation Cost per Unit Depreciation Cost pre Unit x Units of Activity during the Year = Deprectiation Expense Depreciation Expense per Table 2: Accumulated Depreciation at Year-end Net Book Value at Year-end Bus #3: Depreciation expense computations for each year Depreciation Expense...
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Accounting Homework 4 - Table 1 Bus#3 Cost Fiscal Year...

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