New Tab Wiley PLUS C edugen wileyplus.com /edugen/student/mainfr.un Exercise 11-

Question

New Tab Wiley PLUS C edugen wileyplus.com /edugen/student/mainfr.un Exercise 11-7 Jackel Industries presents you with the following information. Complete the table for the year ended December 31, 2016. The company depreciates all assets using the half-year convention (Round answers to o decimal places, e.g. 45,892 Accumulated Salvage Life Depreciation Depreciation to Depreciation Date for 2016 Description Purchased Value in Years Method 12/31/15 Cost $74,704 (b) 2/12/14 Machine A $319,200 $35,840 10 (a) 8/15/13 (c) 47,040 5 64,960 (d) Machine B SL DDB (e) 7/21/12 Machine C 168,896 23,500 Machine D (g) 490,560 154,560 SYD 156,800 (h) LINK TO TEXT Question Attempts: Unlimited SAVE FOR LATER SUBMIT Copyright C 2000-2015 by John Wiley & Sons, Inc. or related companies. All rights reserved. olicy I Q 2000-2015 John Wiley & Sons Inc. All Rights Reserved. A Division of John Wiley & Sons Inc. 10:56 PM Ask me anything 12/14/2015

Explanation / Answer

Machine A:

Depreciation method = SL

Depreciation for machine A = (319200 - 35840) / 10 = $28336

Machine B:

Depreciation per year = 64960 / 2.5 = $25984

Cost of Machine = (25984 x 5) + 47040 = $176960

Depreciation for 2016 = $25984

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