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wuestion Help Seconds Fried Chicken bought equipment on January 2, 2016for $39.000. The equipment was expected to remain in service for four years and to perform 6.600 fry jobs. At the end of the equipment's useful life. Seconds estimates that its residual value will be $6,000The equipment performed 660 jobs the first year, 1980 the second year, 2.640 the third year, and 1,320 the fourth year Requirements 1. Prepare a schedule of depreciation expense accumulated depreciation, and book value per year for the equipment under the three depreciation methods Show your computations. Note: Three depreciation schedules must be prepared 2. Which method tracks the wear and tear on the equipment most closely? Requirement 1. Prepare a schedule of depreciation expense accumulated depreciation, and book value per year for the equipment under the three depreciation methods. Show your computations Note: Three depreciation schedules must be prepared Begin by preparing a depreciation schedule using the straight-line method Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Depreciation Depreciation Cost Cost Rate Expense Accumulated Depreciation Book Value Bote Seconds Fried Chicken bought equipment on January 2, 2016, for $39,000. The equipment was expected to remain in sery jobs. At the end of the equipment's useful life, Seconds estimates that its residual value will be 56,000. The equipment perf second year, 2,640 the third year, and 1,320 the fourth year. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment un your computations. Note: Three depreciation schedules must be prepared. 2. Which method tracks the wear and tear on the equipment most closely? Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Depreciation Depreciation Accumulated Book Date Cost Cost Rate Expense Depreciation Value $ 1-2-2016 $ 39,000 39,000 33 000 4 years 8.250 8.250 30.750 12-31-2016 4 year 8.250 12-31-2017 33.000 24 750 8.250 4 yea 12-31-2018 16,500 33.000 22 500 14.250" This question is complete. Move vou cursor over or tap on the red arrows to see incorrect answers All parts showing NYIMI I Seconds Fued Chicken bought equipment on January 2, 2016, for $39,000. The equipment was expected to remain in service fo jobs. At the end of the equipment's useful life. Seconds estimates that its residual value will be $6,000. The equipment performed second yea: 2,640 the third year, and 1,320 the fourth year Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the your computations. Note: Three depreciation schedules must be prepared 2. Which method tracks the wear and tear on the equipment most closely? 1-2 16 $ 39,000 39,000 12-31-2016 33 000 4 years 8.250 8.250 30,750 12-31 2017 33.000 8.250 16.500 22.500 12-31-2018 33.000 14.250 12.51-2019 33.000 8.250 6,000 4 years 8 250 24750 33.000 Before completing the units-of-production depreciation schedule, calculate the depreciation expense per unit Cosi Residual value Useful life in units Depreciation per unit 39.000 6.000 6.600 This question is complete dove vo o r over tap on the mediato sta see incorrect All parts showing OK Seconds Fried Chicken bought equipment on January 2, 2016 for $39,000. The equipment was expected to remain in service for jobs. At the end of the equipment's useful life, Seconds estimates that its residual value will be $6,000. The equipment performed second year, 2,640 the third year, and 1,320 the fourth year Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the your computations. Note: Three depreciation schedules must be prepared. 2. Which method tracks the wear and tear on the equipment most closely? vuu Prepare a depreciation schedule using the units-of-production method Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Date Cost Per Unit Expense Depreciation 1-2-2016 5 39.000 12-31-2016 660 3.300 $ 3,300 Units Book Value 39,000 35,700 This question is complete Move your cursor beror on the ed arrows to see incorrect answers All parts showing - i ma 10) Seconds Fried Chicken bought equipment on January 2, 2016, for $39,000. The equipment was expected to remain in servid jobs. At the end of the equipment's useful life, Seconds estimates that its residual value will be $6,000. The equipment perfor second year, 2,640 the third year, and 1,320 the fourth year. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment unde your computations. Note: Three depreciation schedules must be prepared 2. Which method tracks the wear and tear on the equipment most closely? Asset Depreciation Number of Depreciation Accumulated Book Date Cost Per Unit Units Expense Depreciation Value 1-2-2016 $ 39,000 39,000 12-31-2016 660 = 5 3.300 S 3 300 35,700 12-31-2017 1.980 9.900 25,800 2 640 12-31-2018 13.200 26.400 12,600 6.000 12-31-2019 ononno 13.200 1320 6.600 33.000 Prepare a depreciation schedule using the double-declining-balance (DDB) method. (Enter a "0" for any items with a zero valu This question is complete Move your cursor over or tap on the red arrows to see incorrect answers All parts showing Seconds Fried Chicken bought equipment on January 2, 2016, for $39,000. The equipment was expected to remain in service for fo jobs. At the end of the equipment's useful life, Seconds estimates that its residual value will be $6,000. The equipment performed be second year, 2,640 the third year, and 1,320 the fourth year. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the your computations. Note: Three depreciation schedules must be prepared. 2. Which method tracks the wear and tear on the equipment most closely? 12-31-2019 1,320 = 6,600] 33,000 6,000 Prepare a depreciation schedule using the double-declining balance (DDB) method. (Enter a "0" for any items with a zero value) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Book Date Cost Value Rate Expense Depreciation Value 1-2-2016 $ 39.000 $ 39,000 17-31-2016 39.000 2 x (1/4) = $ 19.5001 $ 19.500 19.500 This question is complete Move your cursor over or tap on the red arrows to see incorrect answers lartehnisini Seconds Fried Chicken bought equipment on January 2, 2016, for $39,000. The equipment was expected to remain ins jobs. At the end of the equipment's useful life, Seconds estimates that its residual value will be $6,000. The equipment second year, 2,640 the third year, and 1,320 the fourth year. Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment your computations. Note: Three depreciation schedules must be prepared. 2. Which method tracks the wear and tear on the equipment most closely? Depreciation or ure rear Asset Book Depreciation Accumulated Book Date Cost Value Rate Expense Depreciation Value 1-2-2016 $ 39,000 $ 39,000 12-31-2016 39.000 x 2 x (1/4) = $ 19,500 19.500 19,500 19,500 x 12-31-2017 2 x (1/4) = 9.750 9.750 3,750 33,000 12-31-2018 6,000 33,000 12-31-2019 DDB 29,250 6,000 This question is complete. Move your cursor over or tap on the red arrows to see incorrect answers All narts showing Late Ulule yuipment's useful life, Seconds estimates that its residual value will be $6,000. The equipment performed . .he w ipment was expected to remain in service for second year, 2,640 the third year, and 1,320 the fourth year Requirements 1. Prepare a schedule of depreciation expense, accumulated depreciation, and book value per year for the equipment under the your computations. Note: Three depreciation schedules must be prepared. 2. Which method tracks the wear and tear on the equipment most closely? LOS vare Lapelse | Depreciauon 1-2-2016 $ 39,000 $ 39,000 12-31-2016 39,000 2 x (1/4 19.500S 19,500 19,500 12-31-2017 19.500 X 2 x (1) 9.750 29,250 9.750 3.750 33,000 6,000 12-31-2018 33.000 6,000 12-31-2019 Varue Requirement 2. Which method tracks the wear and tear on the equipment most closely?! The units-of-production method tracks wear and tear most closely This question is complete Move your cursor over or tap on the red arrows to see incorrect answers All parts showing