Various Depreciation Methods-First Year
on March 24, 2009 Tastee Ice

question 32

Essay

Various depreciation methods-first year
On March 24, 2009 Tastee Ice Cream Co. purchased equipment costing $140,000, with an estimated life of 5 years and an estimated salvage value of $20,000. Compute the depreciation expense Tastee would recognize on this equipment in 2009, assuming:
$$\begin{array} { | l | l | } \hline \text { (a) Straight-line depreciation using the half-year convention } & \$ \underline{\quad\quad}\\\hline \text { (b) } 200 \% \text { declining balance with fractional periods } & \\\hline \text { rounded to the nearest full month. } & \$ \underline{\quad\quad}\\\hline \text { (c) } 150 \% \text {-declining-balance, using the half-year convention } & \$ \underline{\quad\quad}\\\hline\end{array}$$

Acknowledge the classification of crimes as misdemeanors, felonies, petty offenses, and infractions, and understand the implications of each classification.

Grasp the main objectives of criminal law, including punishment and deterrence.

Recognize the significance of the Model Penal Code in classifying crimes and prescribing punishments.

Understand the scale and impact of criminal arrests annually.

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