HWProblems - Carrying Value Rate of depreciation 16.5...

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Land Land Improvements Building Equipment Attorney's fee, land acquisition $35,200 Cost of Land 597,000 Architect's fee, building design $102,000 Building 1,025,000 Parking lot and sidewalk $135,600 Electrical wiring, building 168,000 Landscaping 55,000 Cost of surveying the land 8,900 Traingin equipment, tables and chairs $136,400 Installation of training equpiment 65,600 Cost of grading the land 14,000 Cost of changes in building to soundproof rooms 58,700 Total $710,100 $135,600 $1,353,700 $202,000 When you classify that accounts in this way, you are more easily able to see what will depreciated, and what purchases won't. This will have a major affect on how profitable a company can be.
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Straigh-line method Annual Depreciation Accumulated Depreciation Carrying Value Year 1 82,500 82,500 277,500 Year 2 82,500 165,000 195,000 Year 3 82,500 247,500 112,500 Year 4 82,500 330,000 30,000 Production Method Annual Depreciation Accumulated Depreciation
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Unformatted text preview: Carrying Value Rate of depreciation: 16.5 dollars/hour Year 1 99,000 99,000 261,000 Year 2 132,000 231,000 129,000 Year 3 66,000 297,000 63,000 Year 4 33,000 330,000 30,000 Double-Declining-Balance Annual Depreciation Accumulated Depreciation Carrying Value Rate of decline: 50% Year 1 180,000 180,000 180,000 Year 2 90,000 270,000 90,000 Year 3 45,000 315,000 45,000 Year 4 15,000 330,000 30,000 Value on Dec 31, 2009 1,025.00 Debit Credit Value on Dec 31, 2010 800.00 1. The computer is discarded Value on Dec 31, 2011 575.00 Value on Jul 1, 2012 462.50 Accum. Depreciation - Computer 562.50 Loss on Disposal 462.50 Computer (asset) 1,025.00 2. The computer is sold for $200 Cash 200.00 Loss on Sale 262.50 Accum Depreciation - Computer 562.50 Computer (asset) 1,025.00 3. The computer is sold for $550 Cash 550.00 Accum Depreciation - Computer 562.50 Computer (asset) 1,025.00 Gain on Sale 87.50...
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This note was uploaded on 01/23/2012 for the course BUS 1000 taught by Professor Annerich during the Fall '10 term at Cedarville.

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HWProblems - Carrying Value Rate of depreciation 16.5...

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