LE7 - value of the equipment for each of the five years...

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Lab Experience #7 – V1 Group Exercise: Shabanu, Inc. purchased equipment at a cost of $38,000 on January 1, 2008. The equipment has an estimated residual value of $3,000 and an estimated life of 5 years, or 10,000 hours of operation. Assuming the company used the equipment over the five years as follows: 2008=1,000 hrs; 2009=1,500 hrs; 2010=2,000 hrs; 2011=2,500 hrs; 2012=3,000 hrs. Required: Calculate the depreciation expense, the accumulated depreciation, and the book
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Unformatted text preview: value of the equipment for each of the five years under each of the three depreciation methods (straight-line, double declining balance, and units of production). Straight Line Depreciation Expense Accumulated Depn Book Value 2008 2009 2010 2011 2012 Units of Production Depreciation Expense Accumulated Depn Book Value 2008 2009 2010 2011 2012 Double Declining Depreciation Expense Accumulated Depn Book Value 2008 2009 2010 2011 2012...
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LE7 - value of the equipment for each of the five years...

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