Can You Please put together the building depreciation schedule? ...
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Accounting
Can You Please put together the building depreciation schedule?
PLANNED ASSET ACQUISITIONS
Reminder that the companys fiscal year is July 1 through June 30.
Asset
Cost
Useful life
Salvage Value
Depreciation Method
Purchase Date
Land
500,000
N/A
N/A
N/A
1-Jul-21
Building
490,500
30
40,500
Straight line
1-Jul-21
Office Equipment
479,500
3
14,500
Straight line
1-Nov-21
Delivery Equipment
550,000
5
20,000
production
1-Feb-22
Additional information related to the $550,000 delivery equipment purchase: It is ESTIMATED that the equipment will be ABLE TO DRIVE 250,000 total miles over its lifetime. To complete the depreciation schedule, PRESUME that the actual miles driven for its useful life are as indicated below. Also, round depreciation expense per unit to the nearest cent and depreciation expense to the nearest dollar.
Year 1
32,500
Year 2
56,800
Year 3
55,950
Year 4
52,600
Year 5
56,500
Building Depreciation Schedule
Depreciation for the Year
Asset
Dep'ble
Depreciation
Accumulated
Book
Date
Cost
basis
Rate
Expense
Depreciation
Value
1/0/00
6/30/22
6/30/23
6/30/24
6/30/25
Office Equipment Depreciation Schedule
Depreciation for the Year
Asset
Dep'ble
Depreciation
Accumulated
Book
Date
Cost
basis
Rate
Expense
Depreciation
Value
1/0/00
6/30/22
6/30/23
6/30/24
6/30/25
Delivery Equipment Depreciation Schedule
Depreciation for the Year
Depreciation
Asset
per unit
Units of
Depreciation
Accumulated
Book
Date
Cost
Production
Expense
Depreciation
Value
1/0/00
6/30/22
6/30/23
6/30/24
6/30/25
6/30/26
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