LP2 Chap 9 Solutions

LP2 Chap 9 Solutions - P9-28A(30-40min) Req.1 Depreciation...

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P9-28A(30-40min) Req.1 Residual Value 14700 Staright-Line Depreciation Schedule Date Asset Cost January 9,2010 $72,000 $72,000 December 31, 2010 1/6 $57,300 $9,550 $9,550 62,450 December 31, 2011 1/6 $57,300 $9,550 $19,100 52,900 December 31, 2012 1/6 $57,300 $9,550 $28,650 43,350 December 31, 2013 1/6 $57,300 $9,550 $38,200 33,800 December 31, 2014 1/6 $57,300 $9,550 $47,750 24,250 December 31, 2015 1/6 $57,300 $9,550 $57,300 14,700 Depreciable Cost ÷ = Depreciation per Unit 57,300 ÷ 80,000 = 0.72 Units -of- Production Depreciation Schedule Date Asset Cost January 9, 2010 $72,000 $72,000 December 31, 2010 0.72 15,000 $10,744 $10,744 61,256 December 31, 2011 0.72 15,000 $10,744 $21,488 50,513 December 31, 2012 0.72 15,000 $10,744 $32,231 39,769 December 31, 2013 0.72 15,000 $10,744 $42,975 29,025 December 31, 2014 0.72 10,000 $7,163 $50,138 21,863 December 31, 2015 0.72 10,000 $7,163 $57,300 14,700 SL Depreciation Rate × = DDB rate 1/6 × 2 = 1/3 Double-Declining-Balance(DDb) Depreciation Schedule Date Asset Cost DDB Rate January 9, 2010 $72,000 $72,000 December 31, 2010 1/3 $72,000 $24,000 $24,000 48,000 December 31, 2011 1/3 48,000 $16,000 $40,000 32,000 December 31, 2012 1/3 32,000 $10,667 $50,667 21,333 December 31, 2013 1/3 21,333 $7,111 $57,778 14,222 December 31, 2014 1/3 14,222 $4,741 $62,519 9,481 December 31, 2015 1/3 9,837 $5,219 $57,300 14,700 Req.2 Depreciation Rate Depreciable Cost Depreciation Expense Accumulated Depreciation Asset Book Value Total unit Output Depreciation Per Unit Number of Units Depreciation Expense Accumulated
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LP2 Chap 9 Solutions - P9-28A(30-40min) Req.1 Depreciation...

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