Kindly write the attached text in handwriting with writing (Hala Haj Hamad) at the top of the page. Thank you Original Cost = $90,000Salvage Value = $5000useful life = 5 years%3Dannual depreciation as per straight linemethod = (Original Cost - Salvage Value)/Useful Life= (90,000 - 5,000)/5 = $17000Depreciations schedule under Straight linemethod:Straight Line MethodDepreciationAccumulated Depreciation Ending Value1700034000YearBeginning Value190000170007300027300017000560003560001700051000390003900022000170006800022000517000850005000Depreciable value under Units of Activitymethod = Original Cost - Salvage Value= 90,000 - 5000 = $85,000%3DUnits of Activity MethodYearActivityBeginning Value DepreciationAccumulated DepreciationEnding Value160090000136001360076400220076400187003230057700324005770020400527003730041800373001530068000220002000100005220001700085000500085000

Straight line method and units of activity method are two depreciation method. Under straight line…

Answered: Kindly write the attached text in…

Business

Accounting

Kindly write the attached text in handwriting with writing (Hala Haj Hamad) at the top of the page.

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter18: Accounting For Long-term Assets

Section: Chapter Questions

Problem 3CE

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Question

Kindly write the attached text in handwriting with writing (Hala Haj Hamad) at the top of the page. Thank you

Original Cost = $90,000
Salvage Value = $5000
useful life = 5 years
%3D
annual depreciation as per straight line
method = (Original Cost - Salvage Value)/
Useful Life
= (90,000 - 5,000)/5 = $17000
Depreciations schedule under Straight line
method:
Straight Line Method
Depreciation
Accumulated Depreciation Ending Value
17000
34000
Year
Beginning Value
1
90000
17000
73000
2
73000
17000
56000
3
56000
17000
51000
39000
39000
22000
17000
68000
22000
5
17000
85000
5000
Depreciable value under Units of Activity
method = Original Cost - Salvage Value
= 90,000 - 5000 = $85,000
%3D
Units of Activity Method
Year
Activity
Beginning Value Depreciation
Accumulated Depreciation
Ending Value
1600
90000
13600
13600
76400
2200
76400
18700
32300
57700
3
2400
57700
20400
52700
37300
4
1800
37300
15300
68000
22000
2000
10000
5
22000
17000
85000
5000
85000

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