Sweet Acacia Industries Ltd., a public company, presents you with the following information: (a) Complete...
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Sweet Acacia Industries Ltd., a public company, presents you with the following information: (a) Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to O decimal places, e.g. 5,275.) Acci Dep Date Purchased Residual Value Life in Years Depreciation Method Description Cost Dec Machine A Dec. 2, 2022 $145,000 $13,000 10 Machine B Aug. 15, 2021 22,000 5 Straight-line Machine C July 21, 2020 72,600 24,000 8 Double-declining-balance Sweet Acacia Industries Ltd., a public company, presents you with the following information: (al Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal. (Round answers to O decimal places, e.g. 5,275.) Residual Value Life in Years Depreciation Method Accumulated Depreciation to Dec. 31, 2023 Depreciation for 2024 5,000 $13,000 10 $40,600 $ 22,000 5 Straight-line 27,500 2,600 24,000 8 Double-declining-balance
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