For Each of the Following Fixed Assets, Determine the Depreciation

question 144

Essay

For each of the following fixed assets, determine the depreciation expense and the book value for the dates requested:
Disposal date is N/A if asset is still in use.
Method: SL = Straight Line; DDB = Double Declining Balance
Assume the estimated life was 5 years for each asset.
$\begin{array}{|c|l|l|l|l|l|l|}\hline \text { Depr Expense 2011 } & \text { Depr Method } & \text { Disposal date } & \text { Purchase Date } & \text { Residual Value } & \text { Cost } & \text { Item } \\\hline & \text { SL } & \text { N/A } & 7 / 1 / 2011 & \$ 4,000 & \$ 40,000 & \text { A } \\\hline & \text { SL } & \text { S/31/2011 } & 1 / 1 / 2009 & \$ 5,000 & \$ 50,000 & \text { B } \\\hline& \text { DDB } & \text { N/A } & 10 / 1 / 2011 & \$ 2,000 & \$ 60,000 & \text { C } \\\hline & \text { DDB } & 4 / 1 / 2011 & 1 / 1 / 2010 & \$ 10,000 & \$ 80,000 & \text { D } \\\hline & & & & & & \\\hline\end{array}$

Discuss the active role of infants in perceptual development and how it changes over time.

Apply the midpoint method to calculate price elasticity of demand for different products.

Identify the relationship between price changes and quantity demanded.

Analyze the effect of price changes on total revenue based on the elasticity of demand.

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Definitions:

Well-Being

The state of being comfortable, healthy, or happy, often used to describe the quality of life for individuals and societies.

U.S. Residents

Individuals living in the United States, including citizens, permanent residents, and long-term visitors.

Legal Final Goods

Goods that have been produced, fully completed, taxed, and meet legal standards for sale to consumers.

Illegal Final Goods

Products that have been banned or prohibited by law, yet are still produced and distributed in the market.