# This is all of the information I have for this problem. The Depr, and Acc Depr...

###### Question:

This is all of the information I have for this problem. The Depr, and Acc Depr are a guess for the first one

3 Existential Products started business in July 1, 2012 with the following purchases: Residual value Depr. Method 6 Land 7 Building 8 Parking Lot, Lighting & Fencing 9 Processing Equipment 10 Office Equipment Useful life $225,000 Indefinite$1,155,000 40 years $56,800 15 years$198,000 10 years $56,000 5 years$175,000 Straight Line $6,580 Double Declining Balance$19,800 Units of Production $8.500 Double Declining Balance 12 At the end of 2018, the company has come to the conclusion that the building will not last 40 years. 13 The estimated useful life should have been 31.5 years with a salvage value of$125,000 15 What is the annual depreciation for the building for 2019? 24,500 17 Original depreciation per year 18 Book value 12-31-18 19 Depreciation for 2019 20 21 The Processing Equipment is rated to run for a total of 60,000 hours based on three shifts in ten years. 22 Prepare a depreciation schedule for land improvements, processing equipment and office equipment 23 Beg BV Depr Accum Depr 12.250 12.250 24 Land Improvements 25 2010 26 2011 27 2012 28 2013 29 2014 30 2015 31 2016 32 2017 33 2018 34 2019 35 2020 36 2021 37 2022 38 2023 39 2024 40 2025 Depr Accum Depr 43 Per hour depreciation 44 Machinery 45 2010 46 2011 47 2012 48 2013 Asset Allocation Hours used Beg BV 2,200 5.900 6,200 5 BOO Asset Impairment Depreciation +
40 2025 41 Beg BV Depr Accum Depr 42 43 Per hour depreciation 44 Machinery 45 2010 46 2011 47 2012 48 2013 49 2014 50 2015 51 2016 52 2017 53 2018 54 2019 55 2020 Hours used 2,200 5,900 6,200 5,800 6,100 6,000 5,750 5,900 5,800 6,100 4,250 60,000 56 Beg BV Depr Accum Depr 57 58 Office Equipment 59 2010 60 2011 61 2012 62 2013 2014 Asset Allocation Depreciation Asset Impairment

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