Porter Business Products_Depreciation Methods

Question # 00003874 Posted By: ACCOUNTS_GURU Updated on: 11/22/2013 12:48 AM Due on: 12/31/2013
Subject Accounting Topic Accounting Tutorials:
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Problem 1
Porter Business Products acquired equipment on January 1, 2012 for $470,000. The equipment has an estimated useful life of 5 years and an estimated residual value of $30,000. The equipment is expected to produce 150,000 units.
During 2012, the equipment produced 24,000 units and during 2013 the equipment produced 60,000 units.
Calculate depreciation expense for 2012 and 2013 under each of the following methods. No Journal entries required.
Depreciation Method 2012 2013
Straight Line

Double Declining balance

Units of production

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  1. Tutorial # 00003664 Posted By: ACCOUNTS_GURU Posted on: 11/22/2013 12:50 AM
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