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  • CH 10 Depreciation Methods Manual Problem Student Workpapers

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    30 views6 pages

    CH 10 Depreciation Methods Manual Problem Student Workpapers

    Uploaded by

    api-387778696

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    Equipment Purchase Cost $ 53,000

    Estimated Salvage/Residual Value @ Disposal $ 3,000


    Estimated Useful Life in Years 5
    Estimated Total Production in Machine Hours 2,500
    Date of Purchase 1/2/2017
    Date of Disposal 3/27/2022

    Straight-line Depreciation (round to nearest dollar)

    (Cost - Accum. Depr.)

    Detailed Depreciation Calculation Depreciation Accumulated Book


    Date (show your work here) Expense Depreciation Value
    1/2/2017
    12/31/2017
    12/31/2018
    12/31/2019
    12/31/2020
    12/31/2021
    12/31/2022
    Totals
    General Journal ~ Straight-line Depreciation Entries

    Date Account Names Debit Credit

    1/2/2017

    12/31/2017

    12/31/2018

    12/31/2019

    12/31/2020

    12/31/2021

    12/31/2022
    Annual Production Yr.
    Equipment Purchase Cost $ 53,000 400 2017
    Estimated Salvage/Residual Value @ Disposal 3,000 500 2018
    Estimated Useful Life in Years 5 450 2019
    Estimated Total Production in Machine Hours 2,500 690 2020
    Date of Purchase 1/2/2017 430 2021
    Date of Disposal 3/27/2022 100 2022

    Units of Production Depreciation (round to nearest dollar)

    (Cost - Accum. Depr.)

    Detailed Depreciation Calculation Depreciation Accumulated Book


    Date (show your work here) Expense Depreciation Value
    1/2/2017
    12/31/2017
    12/31/2018
    12/31/2019
    12/31/2020
    12/31/2021
    12/31/2022
    Totals
    General Journal ~ Units of Production Depreciation Entries

    Date Account Names Debit Credit

    1/2/2017

    12/31/2017

    12/31/2018

    12/31/2019

    12/31/2020

    12/31/2021

    12/31/2022
    Equipment Purchase Cost $ 53,000
    Estimated Salvage/Residual Value @ Disposal 3,000
    Estimated Useful Life in Years 5
    Estimated Total Production in Machine Hours 2,500
    Date of Purchase 1/2/2017
    Date of Disposal 3/27/2022

    Double Declining Balance Depreciation (round to nearest dollar)

    (Cost - Accum. Depr.)

    Detailed Depreciation Calculation Depreciation Accumulated Book


    Date (show your work here) Expense Depreciation Value
    1/2/2017
    12/31/2017
    12/31/2018
    12/31/2019
    12/31/2020
    12/31/2021
    12/31/2022
    Totals
    General Journal ~ Double Declining Balance Depreciation Entries

    Date Account Names Debit Credit

    1/2/2017

    12/31/2017

    12/31/2018

    12/31/2019

    12/31/2020

    12/31/2021

    12/31/2022

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