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E112 (LOD (peprec- Conceptual Understonding) Rembrandt Company acautred a Plant asset at the besinning of Year I, The asset has an estimated Service 1ife of E Years, An emplotee has Prepared deprec. Schedyles for this asset using three different methods to Compare the results of ysing one method with the results of using other methods. You are to assume that the following Schedules have been Correctly Prepared for this asset using (I) the straighttine method, (2) the Sum-of-the - Years-digits me thod, and (3) the doyble-declining- balance methodi Sym-of the-Years Pigits Double- Dectining- Balance Year Straight-Lire $ 9000 $15000 13000 7200 4,320 I2,000 y000 yo00 9000 4 bo00 5. Total Instructions AD 4? a Answer the following 00 K0gma) thinidmog questions q What is the Cost of the asset being depreciated? bi What amounty if anys was used in the deerec Calculations for the salvage Value for this assef? Which method Will produce the hiohest Charge to inome in Year 1? Which method will Produce the highest Charge to income in Year 42 de Which method Will Produce the hightst book vallue , for the asset at the end of year 3? If the asset is sold at the end of Year 33 Which methad woyld Yield the hiehest gain Cor lowest loss) on diseosal of the asset?

E112 (LOD (peprec- Conceptual Understonding) Rembrandt Company acautred a Plant asset at the besinning of Year I, The asset has an estimated Service 1ife of E Years, An emplotee has Prepared deprec. Schedyles for this asset using three different methods to Compare the results of ysing one method with the results of using other methods. You are to assume that the following Schedules have been Correctly Prepared for this asset using (I) the straighttine method, (2) the Sum-of-the - Years-digits me thod, and (3) the doyble-declining- balance methodi Sym-of the-Years Pigits Double- Dectining- Balance Year Straight-Lire $ 9000 $15000 13000 7200 4,320 I2,000 y000 yo00 9000 4 bo00 5. Total Instructions AD 4? a Answer the following 00 K0gma) thinidmog questions q What is the Cost of the asset being depreciated? bi What amounty if anys was used in the deerec Calculations for the salvage Value for this assef? Which method Will produce the hiohest Charge to inome in Year 1? Which method will Produce the highest Charge to income in Year 42 de Which method Will Produce the hightst book vallue , for the asset at the end of year 3? If the asset is sold at the end of Year 33 Which methad woyld Yield the hiehest gain Cor lowest loss) on diseosal of the asset?

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter11: Depreciation, Depletion, Impairment, And Disposal
Section: Chapter Questions
Problem 10RE: Assume the same information as in RE11-3, except that Albany Corporation purchased the asset on...
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E112 (LOD (peprec- Conceptual Understonding) Rembrandt Company acautred a Plant asset at the besinning of Year I, The asset has an estimated Service 1ife of E Years, An emplotee has Prepared deprec. Schedyles for this asset using three different methods to Compare the results of ysing one method with the results of using other methods. You are to assume that the following Schedules have been Correctly Prepared for this asset using (I) the straighttine method, (2) the Sum-of-the - Years-digits me thod, and (3) the doyble-declining- balance methodi Sym-of the-Years Pigits Double- Dectining- Balance Year Straight-Lire $ 9000 $15000 13000 7200 4,320 I2,000 y000 yo00 9000 4 bo00 5. Total
Transcribed Image Text:E112 (LOD (peprec- Conceptual Understonding) Rembrandt Company acautred a Plant asset at the besinning of Year I, The asset has an estimated Service 1ife of E Years, An emplotee has Prepared deprec. Schedyles for this asset using three different methods to Compare the results of ysing one method with the results of using other methods. You are to assume that the following Schedules have been Correctly Prepared for this asset using (I) the straighttine method, (2) the Sum-of-the - Years-digits me thod, and (3) the doyble-declining- balance methodi Sym-of the-Years Pigits Double- Dectining- Balance Year Straight-Lire $ 9000 $15000 13000 7200 4,320 I2,000 y000 yo00 9000 4 bo00 5. Total
Instructions AD 4? a Answer the following 00 K0gma) thinidmog questions q What is the Cost of the asset being depreciated? bi What amounty if anys was used in the deerec Calculations for the salvage Value for this assef? Which method Will produce the hiohest Charge to inome in Year 1? Which method will Produce the highest Charge to income in Year 42 de Which method Will Produce the hightst book vallue , for the asset at the end of year 3? If the asset is sold at the end of Year 33 Which methad woyld Yield the hiehest gain Cor lowest loss) on diseosal of the asset?
Transcribed Image Text:Instructions AD 4? a Answer the following 00 K0gma) thinidmog questions q What is the Cost of the asset being depreciated? bi What amounty if anys was used in the deerec Calculations for the salvage Value for this assef? Which method Will produce the hiohest Charge to inome in Year 1? Which method will Produce the highest Charge to income in Year 42 de Which method Will Produce the hightst book vallue , for the asset at the end of year 3? If the asset is sold at the end of Year 33 Which methad woyld Yield the hiehest gain Cor lowest loss) on diseosal of the asset?
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