Chapter 9 Homework Show Mc w Caloulator 1. EX.09-06 A building with a cost of s1

Question

Chapter 9 Homework Show Mc w Caloulator 1. EX.09-06 A building with a cost of s112,500 has an estimated residual value of s22,500, has an estimated useful life of 9 years, and is depreciated by the straight-line method 2. EX 09-07 Algo 3. EX 09-09 Algo 4. EX.09-11.Algo 5. EX 09-12. Algo G. EX.09-17 Guided Algo 7. PR.09-02.Guided Ago a. What is the amount of the annual depreciation? b. What is the book value at the and of the fifth yaar of usa? c. íf at the start of the sooth year it is estimated that the remaining life is 5 years and that the residual value i S2, 500, what is the depreciation expense for each of the remaining 5 years? Check My Work Previous Next Progress: 5/7 items asignment Score: 1429% Save and Ext Submit Assignment for Grading AM 6:49 4/20/2018 EN

Explanation / Answer

a. Annual depreciation = ($112,500 - $22,500) / 9 years = $10,000

b. Book value at the end of 5th year = $112,500 - $10,000 x 5 = $62,500

c. Annual depreciation = ($62,500 - $2,500) / 5 years = $12,000

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