Jackel
Industries presents you with the following information.
|
Descripton
|
Date Purchased
|
Cost
|
Salvage Value
|
Life In Years
|
Depreciation Method
|
Accumulated
Depreciation to 12/31/15
|
Depreciation for 2016
|
|
Machine A
|
2/12/14
|
$142,500
|
$16,000
|
10
|
(a)
|
$33,350
|
(b)
|
|
Machine B
|
8/15/13
|
(c)
|
21,000
|
5
|
SL
|
29,000
|
(d)
|
|
Machine C
|
7/21/12
|
75,400
|
23,500
|
8
|
DDB
|
(e)
|
(f)
|
|
Machine D
|
10/12/(g)
|
219,000
|
69,000
|
5
|
SYD
|
70,000
|
(h)
|
Instructions
Complete
the table for the year ended December 31, 2016. The company depreciates all
assets using the half-year convention.
TUTORIAL PREVIEW
Methods of
Depreciation
|
Description |
Date Purchased
|
Cost |
Salvage |
Life |
Method |
Accum. Depr. To 2015
|
2016 Depr. |
|
A
|
2/12/14
|
$142,500
|
$16,000
|
10
|
(a)
SYD
|
$33,350
|
(b)
$19,550
|
File name: Jackel
Industries.docx File type: .docx PRICE: $10
