CPsubmit in Canvas
USE THIS DATA FOR ALL QUESTIONS:
The company purchased a fleet of mowers for $
and they estimated the residual value to be $ at
the end of the estimated service life of years.
For Straightline depreciation method:
Determine Book value at the end of year
$
For Double declining balance depreciation method:
Determine depreciation expense for year
Determine depreciation expense for year
$
For Activity based depreciation method:
Management estimated the machine's service life would
be hours; following is the activity for the first
years:
Determine depreciation expense for year
