86FLM101 10C X Y M inbox 121887ryangwaitney psnewconnectmhe

86-FLM101 10C X Y M inbox 121,887)-ryangwaitney × ps://newconnect.mheducation.com/flow/connect.html This window shows your responses and what was marked correct and incorrect from your previous attempt. Brief Exercise 11-3 Depreciation methods; partial periods [Lo11-2] On March 31, 2018, Canseco Plumbing Fixtures purchased equipment for $44,000. Residual value at the end of an estimated four-year service life is expected to be $8,000. The company expects the machine to operate for 20,000 hours. a. Calculate depreciation expense for 2018 and 2019 using straight line method. c. Calculate depreciation expense for 2018 and 2019 using double-declining balance method b. Calculate depreciation expense for 2018 and 2019 using sum-of-the-years\'-digits method Complete this question by entering your answers in the ta bs below Required Required B Requiredc Calculate depreciation expense for 2018 and 2019 using straight line method Straight-Line Depreclation Annual Choose Denominator: Numerator: Depreciation Cost minus SalvageEesmated seu Lieepi EstimatedUseful Life (years) Depreciation 36000 9,000 Annualx 9,000 X 9,000x of Year Depreciatio Year 2018 2019 Depreciation 9/12°. 12120$ 9000 12/12 Required A Required B> Search or type URL 8i 4 5 6 7 8 O.

Solution

a) Straight line method = (cost - salvage value)/Life(yrs) Year Depreciable Value (a) Depreciation Accumulated Depreciation (b) Book Value (a-b) Calculation 2018 $36,000 $6,750 $6,750 $29,250 ($36000/4)*9/12 2019 $36,000 $9,000 $15,750 $20,250 ($36000/4) B) Sum of the years digits method = ((cost - salvage value)/(1+2+3+4))/Remaing Life Year Depreciable Value (a) Depreciation Accumulated Depreciation (b) Book Value (a-b) Calculation 2018 $36,000 $10,800 $10,800 $25,200 (36000/10)*4*(9/12) 2019 $36,000 $14,400 $25,200 $10,800 (36000/10)*4 C). Double Decline Method = Carrying value * (traight rate * 2) Year Depreciable Value (a) Depreciation (b) Accumulated Depreciation Book Value (a-b) Calculation 2018 $44,000 $16,500 $16,500 $27,500 (44000*0.25*2)*9/12 2019 $27,500 $13,750 $30,250 $13,750 (27500*0.25*2)