Required information [The following information applies to the questions displayed below.] While You Wait Copy purchased a new copy machine. The new machine cost $116,000 including installation. The company estimates the equipment will have a residual value of $29,000. While You Wait Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Year Hours Used 1 2,800 2 2,000 3 4 2,000 2,000 2. Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint: The asset will be depreciated in only two years.) (Do not round your intermediate calculations.) WHILE YOU WAIT COPY Depreciation Schedule-Double-Declining-Balance End of Year Amounts Accumulated Depreciation Book Value Depreciation Year Expense 1 2 3 4 Total $
Required information [The following information applies to the questions displayed below.] While You Wait Copy purchased a new copy machine. The new machine cost $116,000 including installation. The company estimates the equipment will have a residual value of $29,000. While You Wait Copy also estimates it will use the machine for four years or about 8,000 total hours. Actual use per year was as follows: Year Hours Used 1 2,800 2 2,000 3 4 2,000 2,000 2. Prepare a depreciation schedule for four years using the double-declining-balance method. (Hint: The asset will be depreciated in only two years.) (Do not round your intermediate calculations.) WHILE YOU WAIT COPY Depreciation Schedule-Double-Declining-Balance End of Year Amounts Accumulated Depreciation Book Value Depreciation Year Expense 1 2 3 4 Total $
Chapter10: Project Cash Flows And Risk
Section: Chapter Questions
Problem 4PROB
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