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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 |
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