inclass_10_20

inclass_10_20 - 1 $ 1,2500.00 $0 $37,500.00 2 9,375.00...

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In Class Assignment Asset = $50,000 Residual Value = $10,000 Useful Life = 6 years Or 100,000 units Production Year 1 40,000 Year 2 20,000 Year 3 20,000 Year 4 10,000 Year 5 5,000 Year 6 5,000 STRAIGHT LINE METHOD Year Annual Depreciation Accumulated Depreciation Book Value 1 $6,666.67 $0 $43333.33 2 6,666.67 6,666.67 36,666.66 3 6,666.67 13,333.34 29,999.99 4 6,666.67 20,000.01 23,333.32 5 6,666.67 26,666.68 16,666.65 6 6,666.65 33,333.35 10,000.00 150% DECLINING BALANCE METHOD Year Annual Depreciation Accumulated Depreciation Book Value
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Unformatted text preview: 1 $ 1,2500.00 $0 $37,500.00 2 9,375.00 12,500.00 28,125.00 3 7,031.25 21,875.00 21,093.75 4 5,273.44 28,906.25 15,820.31 5 3,955.08 34,179.69 11,865.23 6 11,865.23 38,134.77 10,000.00 UNITS OF OUTPUT Year Annual Depreciation Accumulated Depreciation Book Value 1 $16,000.00 $0 $34,000.00 2 8,000.00 16,000.00 26,000.00 3 8000.00 24,000.00 18,000.00 4 4,000.00 32,000.00 14,000.00 5 2,000.00 36,000.00 12,000.00 6 2,000.00 38,000.00 10,000.00...
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This document was uploaded on 10/07/2008.

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