On January 1, 2014, Courier Inc. purchased new equipment that had a total cost (including...
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Accounting
On January 1, 2014, Courier Inc. purchased new equipment that had a total cost (including shipping and installation) of $90,000. The equipment is expected to have a useful life of four years or produce a total of 130,000 units. At the end of its life, the equipment is expected to have a residual value of $6,100. The equipment is expected to produce 29,900 units in 2014; 35,100 units in 2015; 36,400 units in 2016; and 28,600 units in 2017. Courier Inc.'s fiscal year ends on December 31. In the table below, fill in the missing depreciation expense and accumulated depreciation amounts using the straight-line, double-declining-balance, and units-of-production methods. Do not round your intermediate calculation. When required, round your answers to the nearest dollar. Cost $90,000 Depreciation Expense Accumulated Depreciation Year Straight-line Method Double- Declining- Balance Method Unit-of- Production Method Straight-line Method Double- Declining- Balance Method Unit-of- Production Method 2014 $fill in the blank 8fa11affe03afb0_1 20,975 $45,000 $19,297 $20,975 $45,000 $19,297 2015 $20,975 $fill in the blank 8fa11affe03afb0_2 $22,653 $fill in the blank 8fa11affe03afb0_3 41,950 $67,500 $41,950 2016 $20,975 $11,250 $fill in the blank 8fa11affe03afb0_4 $62,925 $fill in the blank 8fa11affe03afb0_5 $65,442 2017 $20,975 $5,150 $18,458 $83,900 $83,900 $fill in the blank 8fa11affe03afb0_6
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