At December 31, 2018 Allarco Inc.'s balance sheet showed plant and equipment information as detailed in the schedule below. Allarco Inc. calculates depreciation to the nearest whole month. Please complete the schedule. Round depreciation per unit of production to the nearest cent. Cost Information Depreciation Description Purchase Date Equipment November 1, 2016 Depreciation Method Cost Salvage Value Straight-line 226,000 10,000 Double-declining- Machinery July 1, 2018 96,000 10,000 Life 10 years 5 years Accum. Dep. Dep. Expense Accum. Dep. Dec. 31, 2018 for 2019 Dec. 31, 2019 balance Trucks September 5, 2017 Units-of-production 416,800 10,000 1,017,000 miles There have been no disposals or subsequent capital expenditures on the asset since the date of purchase. The miles the truck was actually driven were as follows: 2017: 408,000 2018: 303,000 2019: 212,000 For simplicity, assume that the asset is depreciated as an individual item and will not be broken down into parts and depreciated.

Record the journal entries for  Depreciation and Disposal each machine .

Terry Wade, the new controller of Pronghorn Company, has reviewed the expected usefullives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Type of Asset Building Warehouse Date (a) Acquired Jan. 1, 2016 Jan. 1, 2017 Cost $807,000 Revised annual depreciation $ 106,000 Accumulated Depreciation Jan. 1, 2022 $115,800 20,360 Compute the revised annual depreciation on each asset in 2022. Building $ Useful life (in Years) Old Proposed 40 25 50 Warehouse 20 All assets are depreciated by the straight-line method. Pronghorn Company uses a calendar year in preparing annual adjusting entries and financial statements. After discussion, management has agreed to accept Terry's proposed changes. (The "Proposed" useful life is total life, not remaining life.) Salvage Value Old $35,000 4,200 Proposed $66,400 24,140

Victor Mineli, the new controller of Splish Brothers Inc. has reviewed the expected useful lives and salvage values of selected depreciable assets at the beginning of 2022. Here are his findings: Type of Asset Building Warehouse Date Acquired Jan 1, 2014 Jan 1, 2017 Cost $824,000 107,000 Accumulated Depreciation Jan. 1, 2022 $156,800 Revised annual depreciation $ Useful life (in years) Building Old 40 20.540 25 $ Proposed 58 20 Warehouse Salvage Value Old Proposed $37,200 All assets are depreciated by the straight-line method. Splish Brothers Inc. uses a calendar year in preparing annual adjusting entries and financial statements. After discussion, management has agreed to accept Victor's proposed changes. (The "Proposed" useful life is total life, not remaining life) Compute the revised annual depreciation on each asset in 2022. (Round answers to O decimal places, e.g. 5.125.) $40,000 4,300 12.960 SUPPORT

Required: Prepare the journal entry at 31 December 2021 to record the depreciation for 2021. Show your workings.

The following are long-term asset transactions of Company Q. Purchased a piece of equipment that cost $250,000 on January 1, 2011. The equipment will last 8 years and have a residual value of $10,000. Compute the following using the straight-line method of depreciation. Accumulated Depreciation in 2013 Depreciation Expense in 2014  Net Book Value in 2016

Discarding an asset On October 31, 2018, Alternative Landscapes discarded equipment that had a cost of $26,920. Accumulated Depreciation as of December 31, 2017, was $25,000. Assume annual depreciation on the equipment is $1,920. Journalize the partial-year depreciation expense and disposal of the equipment.

Subject: accounting

(Depreciation Computations—SYD, DDB—Partial Periods) Judds Company purchased a new plant asset on April 1, 2017, at a cost of $711,000. It was estimated to have a service life of 20 years and a salvage value of $60,000. Judds’ accounting period is the calendar year.Instructions(a) Compute the depreciation for this asset for 2017 and 2018 using the sum-of-the-years’-digits method.(b) Compute the depreciation for this asset for 2017 and 2018 using the double-declining-balance method.

Denger