2:085GSearchE Depreciation Assignment filled in.xlsxТуре of Car:PorscheCost of Car:$78,100Useful Life;5 yearsResidual Value:$3,100Estimated Miles: 100,000Miles by Year:Year 1: 28,000Year 2: 35,000Year 3: 25,000Year 4: 12,000STRAIGHT-LINE DEPRECIATION|CarryingValueDepreciationAccumulatedExpense|DepreciationYear 1Year 2Year 3Year 4Year 5Year 6Year 7DOUBLE DECLINING BALANCE|CarryingValueDepreciationAccumulatedExpenseDepreciationYear 1 DOUBLE DECLINING BALANCEAccumulatedDepreciationCarryingValueDepreciationExpenseYear 1Year 2Year 3Year 4Year 5Year 6Year 7UNITS OF PRODUCTION METHODCarryingValueDepreciationAccumulatedExpenseDepreciationYear 1Year 2Year 3Year 4Year 5Year 6Year 7

Name: 2:085GSearchE Depreciation Assignment filled in.xlsxТуре of Car:Porsc
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Description: 2:085GSearchE Depreciation Assignment filled in.xlsxТуре of Car:PorscheCost of Car:$78,100Useful Life;5 yearsResidual Value:$3,100Estimated Miles: 100,000Miles by Year:Year 1: 28,000Year 2: 35,000Year 3: 25,000Year 4: 12,000STRAIGHT-LINE DEPRECIATIO

Due to various reasons such as a change in technology, normal wear & tear, obsolescence, etc.…

Business

Accounting

Cost of Car: $78,100 Useful Life: 5 years Residual Value: $3,100 Estimated Miles: 100,000 Miles by Year: Year 1: 28,000 Year 2: 35,000 Year 3: 25,000 Year 4: 12,000 STRAIGHT-LINE DEPRECIATION Depreciation Expense |Carrying Value Accumulated Depreciation Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7

Cost of Car: $78,100 Useful Life: 5 years Residual Value: $3,100 Estimated Miles: 100,000 Miles by Year: Year 1: 28,000 Year 2: 35,000 Year 3: 25,000 Year 4: 12,000 STRAIGHT-LINE DEPRECIATION Depreciation Expense |Carrying Value Accumulated Depreciation Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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