Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how do i forecast depreciation over a five year ho

How do I forecast depreciation over a five year horizon? The current formula I...

80.2K

Verified Solution

Question

Accounting

How do I forecast depreciation over a five year horizon?

The current formula I am using is (Depreciation Current year / PPE, gross Previous year) * PPE, gross current year.

Current year (20X2) depreciation is 2,407

The issues I am having is how to find PPE, gross.

The information provided for PPE is:

20X2 20X1
Land and Land improvements 213 224
buildings and building and leasehold improvements 5678 6049
Information Technology Equipment 9643 10589
Production, engineering, office, and other equipment 3161 3222
Total - gross 18695 20085
Less: Accumulated depreciation 13361 14390
Total - net 5334 5694

If I can figure out what PPE, gross is for 20X3 - 20X7, I will be able to figure this out.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What excel codes would one need to complete the following functions? From the original sample of 100...

Statistics
Q

If no crossing over is present, how many unique gametes would an individual with the genotype...

Biology
Q

ALLE In figure A and B are two identical blocks made of 2 a conducting...

Physics
Q

4 In the diagram shown there are four forces acting on a block of mass...

Physics
Q

A community swimming pool is 8 yards 4 79 feet wide How wide is the...

Geometry
Q

3 Information for York Plastics as of December 31 follows. Prepare (a) the...

Accounting
Q

a. Determine the amount of the adjusting entry for uncollectible accounts. b. Determine...

Accounting
Q

Perkins Company produces and sells a single product. The company's income statement for the most...

Accounting
Q

Change in Accounting Estimate: On 7/1/15 AU Co. bought a $50,000 piece of...

Accounting
Q

(3) A company needs to decide if it will move forward with two new products...

Finance
Q

An analyst is considering investing in Kraft Heinz; a stock that generated free cash-flow (FCF)...

Finance
Q

What is a non-parametric test? A) A test that does not assume...

Accounting