In: Accounting
Total Purchase cost = $150,000.00 Purchase date = Jan 1, 2020
Useful life = 6 years Salvage value = $50,000.00
Note: each highlighted box is worth 1 point
Complete each depreciation table.
ECONOMIC DEPRECIATION:
Year |
Remaining value at beginning of year |
Depreciation |
Remaining value at end of year |
2020 |
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2021 |
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2022 |
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2023 |
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2024 |
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2025 |
Year |
Remaining value at beginning of year |
Depreciation |
Remaining value at end of year |
Oct 1 - Dec 31, 2020 |
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2021 |
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2022 |
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2023 |
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2024 |
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2025 |
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Jan 1 - Sept 30, 2026 |