Billings Corporation purchased a wood pulp mixer for $17,344. Delivery costs totaled $464. The useful is 7 years, and the salvage value is $1,260. Prepare a depreciation schedule using the sum-of-the-years' digits method. Billings Corporation SYD Depreciation Schedule-Wood Pulp Mixer Year Total Depreciation ($) x Depreciation Rate Fraction = Annual Depreciation ($) Accumulated Depreciation ($) Book Value ($) $17,808 (new) 1 2 3 لیا 4 5 6 7 $ LA VA $ LA $ X X X X X X X 7/28 6/28 5/28 4/28 3/28 2/28 1/28 II || || 11 11 "I "I LA LA LA LA $ VA $ VA VA JA $ $ LA LA $ LA

Billings Corporation purchased a wood pulp mixer for $17,344. Delivery costs totaled $464. The useful is 7 years, and the salvage value is $1,260. Prepare a depreciation schedule using the sum-of-the-years' digits method. Billings Corporation SYD Depreciation Schedule-Wood Pulp Mixer Year Total Depreciation ($) x Depreciation Rate Fraction = Annual Depreciation ($) Accumulated Depreciation ($) Book Value ($) $17,808 (new) 1 2 3 لیا 4 5 6 7 $ LA VA $ LA $ X X X X X X X 7/28 6/28 5/28 4/28 3/28 2/28 1/28 II || || 11 11 "I "I LA LA LA LA $ VA $ VA VA JA $ $ LA LA $ LA

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 4EA: Montello Inc. purchases a delivery truck for $15,000. The truck has a salvage value of $3,000 and is...

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