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Financial Aceounting 4A Test 3 (Ch. 9, 10, 11, 17) - Problems Portion Name Problems. There are four problems. Each one is worth the score indicated next to the problem number. Show all work for complete credit. You may wlach extra pages if you so desire. Please he NEAT when writing your answers. I cannot grade illegible answers Problems portion of the test is worth a total of 30 points. 1. (10 points) Breman, Inc. purchased equipment at the beginning of 2014 for $2.100,000 Brenan The equipment has an estimated residual value shape whe) of S100,000 and mestimated life of years of 100.000 hours of operation. The machinery was operated for 15,000 hours in 2004, 20000 hours in 2005, 35.000 hours in 2006, 20,000 hours in 2002 and 10.000 hours in 2000 Create a depreciation schedule for each of the following depreciation methods for the 2004 - 2008: 1. 2 3. Straight-line depreciation method Units-of-production method Doble-declining balance depreciatic method a. Straight-Line Date Cost Book Value Depreciation Accumulated Book Value (beginning Expense Depreciation (ending) 2004 2005 2006 2007 2008 b. Units-of-Production Date Cost Book Value Depreciation Accumulated Book Value (beginning! Expense Depreciation (ending) 2004 2005 2006 2007 2008 c. Double-Doclining Balance Book Value (ending) Date Cost Book Value Depreciation Accumulated (beginning) Expense Depreciation 2004 2005 2006 2007 2008 Record the depreciation joumal entry using the double-declining balance method for 2006

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