Computing Partial Period Depreciation under Multiple Depreciation Methods Compute depreciation expense for 2021 for each asset #1, #2, #3, and #4. Note: Do not round until your final answer. Round your final answer to the nearest whole dollar. Acquisition Acquisition Useful Salvage 2021 Depreciation Value Asset Date Depreciation Method Cost Life Expense #1 Jan. 1, 2020 Straight-line $4,000 4 years $200 $ 950 | Aug. 30, 2020 Double-declining-balance Feb. 1, 2021 Sum-of-the-years'-digits #2 5,800 8 years 400 $ 1,125 x #3 7,200 4 years 320 $ 1,147 * # 4 Jul. 31, 2021 Straight-line 13,520 8 years 0 $
Computing Partial Period Depreciation under Multiple Depreciation Methods Compute depreciation expense for 2021 for each asset #1, #2, #3, and #4. Note: Do not round until your final answer. Round your final answer to the nearest whole dollar. Acquisition Acquisition Useful Salvage 2021 Depreciation Value Asset Date Depreciation Method Cost Life Expense #1 Jan. 1, 2020 Straight-line $4,000 4 years $200 $ 950 | Aug. 30, 2020 Double-declining-balance Feb. 1, 2021 Sum-of-the-years'-digits #2 5,800 8 years 400 $ 1,125 x #3 7,200 4 years 320 $ 1,147 * # 4 Jul. 31, 2021 Straight-line 13,520 8 years 0 $
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 2E: Depreciation Methods Sorter Company purchased equipment for 200,000 on January 2, 2019. The...
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