B what amount if any was used in the depreciation

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(b) What amount, if any, was used in the depreciation calculations for the salvage value for this asset? (c) Which method will produce the highest charge to income in Year 1? (d) Which method will produce the highest charge to income in Year 4? (e) Which method will produce the highest book value for the asset at the end of Year 3? The method that produces the highest book value at the end of Year 3 would be the method that yields the lowest accumulated depreciation at the end of Year 3, which is the straight-line method. (f) If the asset is sold at the end of Year 3, which method would yield the highest gain (or lowest loss) on disposal of the asset? The method that will yield the highest gain (or lowest loss) if the asset is sold at the end of Year 3 is the method which will yield the lowest book value at the end of Year 3, which is the double-declining balance method in this case.
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Name: Date: Instructor: Course: the beginning of Year 1. The asset has an estimated service life of 5 years. An Year 1 $9,000 $15,000 $20,000 2 9,000 12,000 12,000 3 9,000 9,000 7,200 4 9,000 6,000 4,320 5 9,000 3,000 1,480 Total $45,000 $45,000 $45,000 Instructions: Answer the following questions. Enter answer here. Area for formulas as desired. Area for formulas as desired. Area for formulas as desired. Enter answer here. Enter answer here. Enter answer here. Enter answer here. Computations: Area for formulas as desired. Area for formulas as desired. Area for formulas as desired. Enter answer here. Intermediate Accounting , 14 th Edition by Kieso, Weygandt, and Warfield Primer on Using Excel in Accounting by Rex A Schildhouse E11-2 (Depreciation—Conceptual Understanding) Hasselback Company acquired a plant asset at employee has prepared depreciation schedules for this asset using three different methods to compare the results of using one method with the results of using other methods. You are to assume that the following schedules have been correctly prepared for this asset using: (1) the straight-line method, (2) the sum-of-the-years’-digits method, and (3) the double-declining-balance method. Straight- Line Sum-of- Years'-Digits Double- Declining- Balance (a) What is the cost of the asset being depreciated? (b) What amount, if any, was used in the depreciation calculations for the salvage value for this asset? (c) Which method will produce the highest charge to income in Year 1? (d) Which method will produce the highest charge to income in Year 4? (e) Which method will produce the highest book value for the asset at the end of Year 3? (f) If the asset is sold at the end of Year 3, which method would yield the highest gain (or lowest loss) on disposal of the asset?
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Name: Date: Instructor: Course: for $279,000 on May 1, 2012. It is estimated that it will have a useful life of 10 years, salvage value of $15,000 , production of 240,000 units, and working hours of 25,000 . During 2013, Wenner Corp. uses the machinery for 2,650 hours, and the machinery produces 25,500 units.
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