The table below contains data on depreciation for five (5) different equipment items used. ...

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Accounting

The table below contains data on depreciation for five (5) different equipment items used.

REQUIRED:

On a separate sheet, copy the following table and fill in the missing 20 items for all assets.

Acquisition Date

1/1/2016

1/1/2016

1/1/2016

1/1/2017

1/1/2017

Cost

$100,000

$100,000

$330,000

Accumulated Depreciation

12/31/2018

$90,000

Depreciation 2017

$10,000

$27,000

$200,000

Depreciation 2018

$10,000

$18,000

$80,000

Book value, 12/31/2017

$140,000

$37,000

$300,000

Book value, 12/31/2018

$70,000

Estimated service life

6

4

5

5

Estimated salvage value

0

$10,000

0

Depreciation method

Straight-line

Sum-of years Digits

Sum-of-Years-Digits

Double-

declining balance

Answer & Explanation Solved by verified expert
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