Directions: Calculate Depreciation Expense for each of 3 yearsusing 3 different methods using the...

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Accounting

Directions: Calculate Depreciation Expense for each of 3 yearsusing 3 different methods using the following information. Reportyour final answers, use formulas and/or show all work for eachcalculation. Round to the whole number.
Multi-use printer acquired onthe first day of the Year One for $10,000
The estimated useful life is 3years or 10,000 hours
The residual salvage value isestimated at $1500
During Year One, the copymachine was used for 3300 hours
During Year Two, the copymachine was used for 2800 hours
During Year Three, the copymachine was used for 3900 hours
Year 1 Year 2 Year 3 Total
Straight Line DepreciationMethod
Units ofProduction Depreciation Method
Double DecliningBalance Depreciation Method
Straight Line Calculations:
Units of Production Calculations:
Double Decline Balance Calculations:

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3.7 Ratings (329 Votes)

Year 1 Year 2 Year 3 Total Straight Line Depreciation Method 2833 2833 2833 8500 Units of Production Depreciation Method 2805 2380 3315 8500 Double Declining Balance Depreciation Method See Answer

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In: AccountingDirections: Calculate Depreciation Expense for each of 3 yearsusing 3 different methods using the following...Directions: Calculate Depreciation Expense for each of 3 yearsusing 3 different methods using the following information. Reportyour final answers, use formulas and/or show all work for eachcalculation. Round to the whole number.Multi-use printer acquired onthe first day of the Year One for $10,000The estimated useful life is 3years or 10,000 hoursThe residual salvage value isestimated at $1500During Year One, the copymachine was used for 3300 hoursDuring Year Two, the copymachine was used for 2800 hoursDuring Year Three, the copymachine was used for 3900 hoursYear 1Year 2Year 3TotalStraight Line DepreciationMethodUnits ofProduction Depreciation MethodDouble DecliningBalance Depreciation MethodStraight Line Calculations:Units of Production Calculations:Double Decline Balance Calculations:

Directions: Calculate Depreciation Expense for each of 3 yearsusing 3 different methods using the following information. Reportyour final answers, use formulas and/or show all work for eachcalculation. Round to the whole number.

Multi-use printer acquired onthe first day of the Year One for $10,000
The estimated useful life is 3years or 10,000 hours
The residual salvage value isestimated at $1500
During Year One, the copymachine was used for 3300 hours
During Year Two, the copymachine was used for 2800 hours
During Year Three, the copymachine was used for 3900 hours


	Year 1	Year 2	Year 3	Total
Straight Line DepreciationMethod
Units ofProduction Depreciation Method
Double DecliningBalance Depreciation Method