On January 2, 2011, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $59,000 with a residual value of $2,600.
| a-1 |
Prepare a complete depreciation table under the straight-line method. Assume that a full year of depreciation was taken in 2011. (Omit the "$" sign in your response.)
|
| Year |
Depreciation
Expense |
Accumulated
Depreciation |
Book Value |
| 2011 |
$ |
$ |
$ |
| 2012 |
|
|
|
| 2013 |
|
|
|
| 2014 |
|
|
|
| 2015 |
|
|
|
|
| a-2 |
Prepare a complete depreciation table under the 200 percent declining-balance method. Assume that a full year of depreciation was taken in 2011. (Omit the "$" sign in your response.)
|
| Year |
Depreciation
Expense |
Accumulated
Depreciation |
Book Value |
| 2011 |
$ |
$ |
$ |
| 2012 |
|
|
|
| 2013 |
|
|
|
| 2014 |
|
|
|
| 2015 |
|
|
|
|
| a-3 |
Prepare a complete depreciation table under the 150 percent declining-balance with a switch to straight-line when it will maximize depreciation expense. Assume that a full year of depreciation was taken in 2011. (Omit the "$" sign in your response.)
|
| Year |
Depreciation
Expense |
Accumulated
Depreciation |
Book Value |
| 2011 |
$ |
$ |
$ |
| 2012 |
|
|
|
| 2013 |
|
|
|
| 2014 |
|
|
|
| 2015 |
|
|
|
|