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QUESTION 9: Alpha Company has the following items in its equipment account: Assets amp;amp; Date Purchased Method of Depreciation Cost Salvage Value...
Computer (4/1/15)
Double Declining
$5,000
$700
The delivery truck is estimated to have a life cycle of 200,000 miles. It was driven for
1. 16,500 miles in 2015 & 24,600 miles in 2016.
2. The Office Furniture has a life expectancy of 7 years.
3. The Computer has a life expectancy of 4 years.
Round any per unit calculations to the nearest half penny. Round all annual depreciation expenses to the nearest dollar. Use this information to compute for Fiscal Year 2016 the following values:
1. Book Value of the Delivery Truck
2. Depreciation Expense - Truck
3. Book Value of the Office Furniture
4. Depreciation Expense - Office Furniture
5. Book Value of the Computer
6. Depreciation Expense - Computer
