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Yongmei Cao DEPREC Depreciation Data Section The month 3 Cost of asset $350,000 Estimated salvage value $30,000 Estimated useful life in years 4 Estimated life in units (miles, etc.)* 100,000 *Estimated Year Units 1 30,000 2 20,000 3 40,000 4 10,000 5 0 6 0 7 0 8 0 Answer Section Depreciation Expense Double Straight Units of Declining Year Line Production Balance 1 $60,000 $96,000 $131,250 2 80,000 64,000 109,375 3 80,000 128,000 54,688 4 80,000 32,000 Err:522 5 20,000 0 6 0 0 0 7 0 0 0 8 0 0 0 Total $320,000 $320,000 Err:522 A B C D E F 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38
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Yongmei Cao DEPREC Depreciation Data Section Cost of asset $350,000 Estimated salvage value $30,000 Estimated useful life in years 4 Estimated life in units (miles, etc.)* 100,000 *Estimated Year Units 1 30,000 2 20,000 3 40,000 4 10,000 5 0 6 0 7 0 8 0 Answer Section Depreciation Expense Double Straight Units of Declining Year Line Production Balance 1 $80,000 $96,000 $175,000 2 80,000 64,000 87,500 3 80,000 128,000 43,750 4 80,000 32,000 Err:522 5 0 0 6 0 0 0 7 0 0 0 8 0 0 0 Total $320,000 $320,000 Err:522 3 Year 3 Depreciation expense $128,000 Accumulated depreciation-machine $128,000 A B C D E F 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19
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