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Need help with problem 3 letter b. How to solve for charge and ending nbv

Ovided by 7 years Beginning NBV Ending NBV 7,000 41,000 35,000 29,000 23,000 7,000600011,000 41,000 29 60001-23,000 . 17,000 s Problem 3: Kent Farms purchases a tractor for $26,500. it is estimated that the tractor will have a $2,500 trade-in value at the end of the useful life, which is estimated to be five years Cost 26,500 2,500 4,000 Amount to Divided by 5 years b) Suppose Instead that the useful Iife is estimated to be 30,000 total service hours. The actual number of hours expected to be spent in operation for each year is as follows: 1st year: 2nd year: rd year: th year 5th year 5,500 hours 7,400 hours 6,200 hours 5,800 hours 5,100 hours total: 30,000 Use the service hours method to find the depreciation charges and net book value for each year. Construct a depreciation schedule for the life of the tractor similar to that of problem 1 (insert rows to fit), Assume that the cost and trade-in value are the same as above. Amount to depreciate 24,000 Beginning NBV Charge Ending NBv Problem & Forest Corp purchases a piece of equipment costing $$40,000. The equipment has an estimated useful life of six years and a trade in value of 530,000 aJ Under the straitht In methad, what would be the depreciation charge per year? b.) Suppose that the equipment is expected to produce a total of 100,000 units as follows Year 1 Year 2 Year 3: Year 4 Year 5 Year 6 24,000 23,000 19,000 18,000 10,000 4PSheetl +

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