Exercise 9-4 Acc400

Assignment from the Readings -9-4 Chapter 9 E9-4 On January 2, 2005, Jansing Corporation acquired a new-sprung(prenominal) shape with an estimated useful life of 5 yrs. The cost of the equipment was $40,000 with a proportion value of $5,000. a. Prepare a complete derogation dishearten under the three depreciation methods listed below. Use a format resembling to the illustrations in Exhibits 94, 95, and 96. In to each one case, assume that a full year of depreciation was taken in 2005. 1. square-line. Cost Residual valuate$40,000 - $5,000 Years of Life5 disparagement $7,000 Annually dispraise agenda: Straight - Line Method Year computingdisparagement Expense pile up DepreciationBook encourage $ 40,000 prototypic 35,000 x 1/5 $7,000 $ 7,000 $ 33,000 splendid 35,000 x 1/5 $7,000 $ 14,000 $ 26,000 Third 35,000 x 1/5 $7,000 $ 21,000 $ 19,000 s tern 35,000 x 1/5 $7,000 $ 28,000 $ 12,000 fifth 35,000 x 1/5 $7,000 $ 35,000 $ 5,000 resume$35,000 2.200 pct declining-balance.

Depreciation Schedule: 200% Declining-Balance Method YearComputationDepreciation ExpenseAccumulated DepreciationBook Value $ 40,000 First $40,000 x 40% $16,000 $ 16,000 $ 24,000 Second $24,000 x 40% $9,600 $ 25,600 $ 14,400 Third $14,400 x 40% $5,760 $ 31,360 $ 8,640 quaternate $8,640 x 40% $3,456 $ 34,816 $ 5,184 F! ifth $5,184 - $5,000 $184 $ 35,000 $ 5,000 Total$35,000 3.150 percent declining-balance. Depreciation Schedule: 150% Declining-Balance Method YearComputationDepreciation ExpenseAccumulated DepreciationBook Value $ 40,000 First $40,000 x 30% $12,000 $ 12,000 $ 28,000 Second $28,000 x 30% $8,400 $...If you want to bushel a full essay, order it on our website: BestEssayCheap.com

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