Prepare a complete depreciation table under thestraight-line method. Assume that

Question

Prepare a complete depreciation table under thestraight-line method. Assume that a full year of depreciation was taken in 2011.(Omit the "$" sign in your response.)

Prepare a complete depreciation table under the200 percent declining-balance method. Assume that a full year of depreciation was taken in 2011.(Omit the "$" sign in your response.)

Prepare a complete depreciation table under the150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. Assume that a full year of depreciation was taken in 2011.(Omit the "$" sign in your response.)

On January 2, 2011, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $59,000 with a residual value of $3,000.

Explanation / Answer

Depreciation Accumulated Depr Book Value 2011 17700 17700 41300 2012 12390 30090 28910 2013 8673 38763 20237 2014 6071 44834 14166 2015 11166 56000 3000

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