Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 6 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 05 Aug 2017 My Price 7.00

FedEx purchased equipment

Suppose FedEx purchased equipment on January 1, 20X7, for $44,000. The expected useful life of the equipment is 10 years or 100,000 units of production, and its residual value is $4,000. Under 3 depreciation methods, the annual depreciation expense and the balance of accumulated depreciation at the end of 20X7 and 20X8 are as follows:

 

Method A

  

Method B

  

Method C

  

Year

Annual Depreciation Expense

Accumulated Depreciation

Annual Depreciation Expense

Accumulated Depreciation

Annual Depreciation Expense

Accumulated Depreciation

20X7

$4,000

$4,000

$8,800

$ 8,800

$1,200

$1,200

20X8

4,000

8,000

7,040

15,840

5,600

6,800

Required

1. Identify the depreciation method used in each instance, and show the equation and computation for each.

2. Assume continued use of the same method through year 20X9. Determine the annual depreciation expense, accumulated depreciation, and book value of the equipment for 20X7 through 20X9 under each method, assuming 12,000 units of production in 20X9.

Answers

Maurice Tutor
(5)
Status NEW Posted 05 Aug 2017 04:08 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)