a search the web , 1: Practice Probler X Werk 1 Practice Problems Help S 3 On Ja

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a search the web , 1: Practice Probler X Werk 1 Practice Problems Help S 3 On January 5, 2019, Waiams Company purchased equipment for $467,000 that had an estimated useful life of four years or 222.00C unts of product The estimated salvage value was $23,000 Actual production data for the first three years were: 2019 43,000 units 2020-59,000 units; and 2021-49,000 units 26 Compute each year's depreciation and the end-of-year accumulated depreciation under the straight-line method and the units of output method Analyze: Would the total depreciation taken over the frve- year life depend on which of the two methods is used? Print Deferences Complete this question by entering your answers in the tabs below. Straight Line Units of Output Compute each year's depreciation and the end-of year accumulated depridation under the straight line method. Useful Lile 2020 2021 Units of Output > ?Prex 30f 4 ??? Score.anSiner> 7

Explanation / Answer

Straight Line dep = Cost of Asset - Salvage Value/Useful life = $467000-23000/ 4 year $      111,000.00 STRAIGHT - LINE DEPRECIATION Annual Acquisition Depreciation Accumulated Book Years Cost Expense Depreciation Value 2019 467,000 111,000 111,000 356,000 2020 467,000 111,000 222,000 245,000 2021 467,000 111,000 333,000 134,000 one for units-of-activity depreciation Depreciation per units = $467000-$23000/222000 units $                   2.00 Annual Acquisition Depreciation Accumulated Book Years Cost Expense Depreciation Value 2019 467,000 [$2*43000 units] 86,000 86,000 381,000 2020 467,000 [$2*59000 units] 118,000 204,000 263,000 2021 467,000 [$2*49000 units] 98,000 302,000 165,000

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