Jackel Industries presents you with the following information. Description 00 Date Purchased 00 Cost 00 Salvage Value 00 Life in Years 00 Depreciation Method 00 Accumulated Depreciation to 12/31/21 00 Depreciation for 2022 Machine A 2/12/20 $142,500 $16,000 10 (a) $33,350 (b) Machine B 8/15/19 (c) 21,000 5 SL 29,000 (d) Machine C 7/21/18 75,400 23,500 8 DDB (e) (f) Machine D 10/15/(g) 219,000 69,000 5 SYD 70,000 (h) Instructions Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention.
Jackel Industries presents you with the following information. Description 00 Date Purchased 00 Cost 00 Salvage Value 00 Life in Years 00 Depreciation Method 00 Accumulated Depreciation to 12/31/21 00 Depreciation for 2022 Machine A 2/12/20 $142,500 $16,000 10 (a) $33,350 (b) Machine B 8/15/19 (c) 21,000 5 SL 29,000 (d) Machine C 7/21/18 75,400 23,500 8 DDB (e) (f) Machine D 10/15/(g) 219,000 69,000 5 SYD 70,000 (h) Instructions Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter8: Operating Assets: Property, Plant, And Equipment, And Intangibles
Section: Chapter Questions
Problem 8.6E
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Question
Jackel Industries presents you with the following information.
| Description | 00 | Date Purchased | 00 | Cost | 00 | Salvage Value | 00 | Life in Years | 00 | 00 | 00 | Depreciation for 2022 | ||
| Machine A | 2/12/20 |
$142,500
|
$16,000
|
10
|
(a)
|
$33,350
|
(b)
|
|||||||
| Machine B | 8/15/19 |
(c)
|
21,000
|
5
|
SL
|
29,000
|
(d)
|
|||||||
| Machine C | 7/21/18 |
75,400
|
23,500
|
8
|
DDB
|
(e)
|
(f)
|
|||||||
| Machine D | 10/15/(g) |
219,000
|
69,000
|
5
|
SYD
|
70,000
|
(h)
|
Instructions
Complete the table for the year ended December 31, 2022. The company depreciates all assets using the half-year convention.
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