COMPLETE THE DEPRECIATION TABLES WITH THE GIVEN INFORMATION (BUILDING DEPRECIATI

Question

COMPLETE THE DEPRECIATION TABLES WITH THE GIVEN INFORMATION (BUILDING DEPRECIATION SCHEDULE, OFFICE EQUIPMENT DEPRECIATION SCHEDULE, ASSEMBLY EQUIPMENT DEPRECIATION SCHEDULE, DELIVERY EQUIPMENT DEPRECIATION SCHEDULE)

The Company's fiscal year is September 1 thru August 31

Asset Cost useful life salvage value depreciation method purchase date land 150,000 NA NA NA 9/1/18 building 425,000 15 15,500 straight line 9/1/18 office equipment 360,500 5 10,500 striaght line 12/1/18 assembly equipment 385,000 4 5,000 production 3/1/19 delivery equipment 260,000 5 20,000 production 6/1/19

Explanation / Answer

Answer : 1 Buliding Depreciation schedule

Depreciation

409500/15

Office Equipment Depreciation Schedule

Depreciation

350000/5=70000

Assembly Equipment Depreciation Schedule

Depreciation

Delivery Equipment Depreciation Schedule

Depreciation

Year Opening Balance/cost of Purchase

Depreciation

409500/15

Closing Balance 09/01/18 to 08/31/19 (425000-15500)= 409500 27300 382200 09/01/19 to 08/31/20 382200 27300 354900 09/01/20 to 08/31/21 354900 27300 327600 09/01/21 to 08/31/22 327600 27300 300300 09/01/22 to 08/31/23 300300 27300 273000 09/01/23 to 08/31/24 273000 27300 245700 09/01/24 to 08/31/25 245700 27300 218400 09/01/25 to 08/31/26 218400 27300 191100 09/01/26 to 08/31/27 191100 27300 163800 09/01/27 to 08/31/28 163800 27300 136500 09/01/28 to 08/31/29 136500 27300 109200 09/01/29 to 08/31/30 109200 27300 81900 09/01/30 to 08/31/31 81900 27300 54600 09/01/31 to 08/31/32 54600 27300 27300 09/01/32 to 08/31/33 27300 27300 0

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.