Use the straight-line method to complete the first row of the depreciation table for an SUV that costs $41,000, has a residual value of $5,000 and an estimated life of six years. Year Annual depreciation Accumulated depreciation End-of-year book value 1 Complete the table below. Year Annual depreciation Accumulated depreciation End-of-year book value 1 $enter your response here $enter your response here $enter your response here
Use the straight-line method to complete the first row of the depreciation table for an SUV that costs $41,000, has a residual value of $5,000 and an estimated life of six years. Year Annual depreciation Accumulated depreciation End-of-year book value 1 Complete the table below. Year Annual depreciation Accumulated depreciation End-of-year book value 1 $enter your response here $enter your response here $enter your response here
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets
Section19.2: Calculating Depreciation Expense
Problem 1WT
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Use the straight-line method to complete the first row of the depreciation table for an SUV that costs
$41,000,
has a residual value of
$5,000
and an estimated life of six years.
Year
|
Annual depreciation
|
|
End-of-year book value
|
---|---|---|---|
1
|
|
|
Complete the table below.
Year
|
Annual depreciation
|
Accumulated depreciation
|
End-of-year book value
|
---|---|---|---|
1
|
$enter your response here
|
$enter your response here
|
$enter your response here
|
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