128 Depr Total Net I 12 13 Cost 14 EUL in Years 15 EUL in Units 16 Salvage Value 17 18 Units Produced this Year 19 Beginning balance in 20 accumulated depreciaion 21 22 Straight-line 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37
Lawson company purchased Equipment on January 1, 2020 for $10,000 units. The salvage value is estimated to be $1,000. During 2020 the equipment was used to produce 25,000 units. First, in the spaces below put the necessary data to be used in the calculations. Second, in the boxes below, calculate depreciation for 2020 using each of the methods indicated. Place your answers in the boxes under the name for each method. notice the effect of the varying depreciation methods on Net Income in the Income Statements to the right. NOTE: You will be graded on the formulas you create to calculate the amount of depreciation. Do not just calculate on paper and put the answers in this spreadsheet
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