90.2K

Verified Solution

Link Copied!

the first image is the picture. i need awnsers for each of the tables pictured

On January 3, 2024. Speedy Delivery Service purchased a truck at a cost of $60,000. Before placing the truck Service Speedy spent $3,000 paintings placing tres, and 5.400 overhaling the engine. The truck huden service for ve years and have a roof $8.000. The tramige is expected to be 30,000 miles in each of the first four years and 20.000 miestety-140.000 motor. In deciding which dochon 1. Nec River, there manager request a deprecation schedule for each of the deprecato node (greine unte-of production, and double decling balance Read the recent Requirement 1. Prepare a depreciation schedule for each depreciation method, showing the cost, depreciation expense, accumulate depreciation, and a book van egin by propong a depreciation schedule using the traigo line method Str Line Depreciation Schedule Depreciation for the Year Art Depreciate Us Depreciation Acumulated Book Date Cost Life Expense Depreciation Value 1-3-2004 12-31-2004 12-31-2025 12-31-2020 12-31 2027 12-31-2006 - Prepare a depreciation schedule using the double-declining balance 1000 method (Roundupection there whole dolar) Double Declining Balance Depreciation Schedule Depreciation for the Year Asset book 008 Depreciation Accumulated Book Date Cost Valus Rate Ex Depreciation Value 1.1.2004 ST500 5 79.500 12-31-2024 1 73.00 2 (5) - 5 31900 35,00 47,700 12-31-2008 47.700 22 (1-5) 19.00 10.30 28.620 12-01 2026 211.55 11448 62320 17.172 12312001 17.72 ca GBP 12313028 10,300 4,300 73.500 10.30 8.000 Requirement. Fast prepares financial statements in the depreciation method that report the highest et income in the early years of the Converterer hat Fasts the buckley preciation at company objectives The de method to the highest encome in the first year is the organe method. produces the lowest degree and therefore the higher income Requirement 1. Prepare a depreciation schedule for each depreciation method, showing asset cost, depreciation expense, accumulated depreciation, and asset book value Begin by preparing a depreciation schedule using the straight-line method. Straight-Line Depreciation Schedule Depreciation for the Year Asset Depreciable Useful Depreciation Accumulated Book Date Cost Cost Life Expense Depreciation Value 1-1-2024 $ 79,500 $ 79,500 12-31-2024 $ 73,500 5 years 14,7005 14,700 54,800 12-31-2025 73,500 - 5 years 14,700 29.400 50,100 12-31-2026 73,500 5 years 14,700 44,100 35.400 12:31 2027 73,500 - 5 years 14,700 58,800 20.700 12-31 2028 73,500 14,700 73.500 5,000 Before completing the units of production depreciation schedule, calculate the depreciation expense per unit. Select the formula, then enter the amounts and calculate the dep two decimal places) Cost Residual value Useful e in units Depreciation per unit ($ 79,500 6,000 105,000 0.70 Prepare a depreciation schedule using the units-of-production method. (Enter the depreciation der unit in twn decimal are ev w 5 years we opcion por unt to two decimal places, SX.XX.) Units-of-Production Depreciation Schedule Depreciation for the Year Asset Depreciation Number of Depreciation Accumulated Book Date Cost Per Unit Units Expense Depreciation Value 1-1-2024 $ 79,500 $ 79,500 12-31-2024 $ 23,000 $ 16,100 $ 16,100 63,400 12-31-2025 23,000 16.100 32.2009 47.300 12-31-2026 0.70 23,000 16.100 48,300 31,200 12-31-2027 0.70 23,000 16,100 64.400 15.100 12-31-2028 0.70 9,100 6.000 0.70 0.70 13,000 73,500 Prepare a depreciation schedule using the double-declining balance (DDB) method. (Round depreciation expense to the nearest whole dollar) Double-Declining-Balance Depreciation Schedule Depreciation for the Year Asset Book DDB Depreciation Accumulated Book Date Cost Value Rate Exponse Depreciation Value 1-1-2024 $ 79,500 $ 79,500 12-31-2024 $ 79.500 2*(1-5) 31,800 $ 31,800 47.700 Print

Answer & Explanation Solved by verified expert

See Answer