Alpha Geek

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Category > Accounting Posted 01 May 2017 My Price 5.00

A piece of equipment is purchased for

A piece of equipment is purchased for $110,000 and has an estimated salvage value of $10,000 at the end of the recovery period. Prepare a depreciation schedule for the piece of equipment using the sum-of-the-years method with a recovery period of seven years.

 

 

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Alpha Geek
(8)
Status NEW Posted 01 May 2017 10:05 AM My Price 5.00

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file 1493634130-answer1.docx preview (97 words )
A----------- pi-----------ece----------- of----------- eq-----------uip-----------men-----------t i-----------s p-----------urc-----------has-----------ed -----------for----------- $1-----------10,-----------000----------- an-----------d h-----------as -----------an -----------est-----------ima-----------ted----------- sa-----------lva-----------ge -----------val-----------ue -----------of -----------$10-----------,00-----------0 a-----------t t-----------he -----------end----------- of----------- th-----------e r-----------eco-----------ver-----------y p-----------eri-----------od.----------- Pr-----------epa-----------re -----------a d-----------epr-----------eci-----------ati-----------on -----------sch-----------edu-----------le -----------for----------- th-----------e p-----------iec-----------e o-----------f e-----------qui-----------pme-----------nt -----------usi-----------ng -----------the----------- su-----------m-o-----------f-t-----------he------------yea-----------rs -----------met-----------hod----------- wi-----------th -----------a r-----------eco-----------ver-----------y p-----------eri-----------od -----------of -----------sev-----------en -----------yea-----------rs.----------- G-----------ive-----------n: -----------Pur-----------cha-----------se -----------pri-----------ce -----------= -----------$11-----------0,0-----------00 -----------Sal-----------vag-----------e v-----------alu-----------e =----------- $-----------10,-----------000----------- Re-----------cov-----------ery----------- pe-----------rio-----------d =----------- 7 -----------Yea-----------rs -----------Dep-----------rec-----------iat-----------ion----------- fo-----------r a----------- ye-----------ar -----------= (-----------Rem-----------ain-----------ing----------- li-----------fe -----------/ S-----------um -----------of -----------yea-----------rs'----------- di-----------git----------- ) -----------* (-----------$11-----------0,0-----------00------------ $1-----------0,0-----------00)-----------
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