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AutoSave OFF Esvu = B-10.09 Student Home Insert Draw Page Layout Formulas Data Review View Tell me Update Apple ID Settings Some account services will not be available until you sign in again. View Calibri (Body) v 10 ~ Ai = = ab Wrap Text General HP/ SEL. Paste B I U arA Insert Merge & Center $ %) .00 .00 0 Conditional Format Formatting as Table Cell Styles Delete Format Sort & Filter Find & Select Ideas Yes No A1 Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? fx A B C D F G H JKM N E O Q R S T U V W X Y Z AA AB AC 1 Accumulated Depreciation at End of Year Annual Expense Calculation 2 Year Annual Expense X1 4 X2 5 6 X3 7 X4 8 XS 9 X6 10 X7 X8 11 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Problem Worksheet + Ready 6 100% AutoSave OFF ABES 5 = XB-10.09 Student Home Insert Draw Page Layout Formulas Data Review View Tell me Update Apple ID Settings Some account services will not be available until you sign in again. View Calibri (Body) v 10 - AP = = ab Wrap Text General HA Paste ar Av BI Insert Merge & Center $ v % % , Delete Format Conditional Format Cell Formatting as Table Styles .000 Sort & Filter Ideas Find & Select Yes No Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? fx # F6 F G H J K L M N O P R S T U A B On January 1, 20x1, Floral Features purchased a delivery truck for $65,000. At the time of purchase, Floral Features anticipated that it would use the truck for 4 years, even though its physical life is 8 years. At the end of the 4-year period, Floral believes it will be able to sell the truck for $35,000. Floral Features uses the straight-line depreciation method. 1 Gasoline prices increased significantly, and consumers began to buy more efficient vehicles. By early 20x3, it became apparent that the market for used delivery trucks like the one belonging to Floral Features was virtually nonexistent. Accordingly, Floral Features changed its plans and decided it would use the truck for its full 8-year life. At the end of the revised useful life, it is expected that the truck will be worth $2,000 for scrap value. . 2 Prepare a schedule showing annual depreciation expense, accumulated depreciation, and related calculations for each year of the eight year holding period, 3 5 9 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Problem Worksheet + Enter 100% AutoSave OFF Esvu = B-10.09 Student Home Insert Draw Page Layout Formulas Data Review View Tell me Update Apple ID Settings Some account services will not be available until you sign in again. View Calibri (Body) v 10 ~ Ai = = ab Wrap Text General HP/ SEL. Paste B I U arA Insert Merge & Center $ %) .00 .00 0 Conditional Format Formatting as Table Cell Styles Delete Format Sort & Filter Find & Select Ideas Yes No A1 Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? fx A B C D F G H JKM N E O Q R S T U V W X Y Z AA AB AC 1 Accumulated Depreciation at End of Year Annual Expense Calculation 2 Year Annual Expense X1 4 X2 5 6 X3 7 X4 8 XS 9 X6 10 X7 X8 11 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Problem Worksheet + Ready 6 100% AutoSave OFF ABES 5 = XB-10.09 Student Home Insert Draw Page Layout Formulas Data Review View Tell me Update Apple ID Settings Some account services will not be available until you sign in again. View Calibri (Body) v 10 - AP = = ab Wrap Text General HA Paste ar Av BI Insert Merge & Center $ v % % , Delete Format Conditional Format Cell Formatting as Table Styles .000 Sort & Filter Ideas Find & Select Yes No Open recovered workbooks? Your recent changes were saved. Do you want to continue working where you left off? fx # F6 F G H J K L M N O P R S T U A B On January 1, 20x1, Floral Features purchased a delivery truck for $65,000. At the time of purchase, Floral Features anticipated that it would use the truck for 4 years, even though its physical life is 8 years. At the end of the 4-year period, Floral believes it will be able to sell the truck for $35,000. Floral Features uses the straight-line depreciation method. 1 Gasoline prices increased significantly, and consumers began to buy more efficient vehicles. By early 20x3, it became apparent that the market for used delivery trucks like the one belonging to Floral Features was virtually nonexistent. Accordingly, Floral Features changed its plans and decided it would use the truck for its full 8-year life. At the end of the revised useful life, it is expected that the truck will be worth $2,000 for scrap value. . 2 Prepare a schedule showing annual depreciation expense, accumulated depreciation, and related calculations for each year of the eight year holding period, 3 5 9 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 Problem Worksheet + Enter 100%

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