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In the Table Below, Data on Depreciation for Machinery Are

question 60

Essay

In the table below, data on depreciation for machinery are shown. Some data are missing.
Required: Fill in the missing data in the table.
 Acquisition Date 1/1/071/1/076/30/07 Cost $250,000$320,000 Accumulated  Depreciation, 12/31/09 $120,000 Depreciation 2008 $40,000$90,000 Depreciation 2009 $32,000$70,000 Book value, 12/31/08 $160,000$240,000$180,000 Book value, 12/31/09  Estimated service life 5 Estimated salvage value 00$20,000 Depreciation method  Straight-line \begin{array} { | l | c | c | c | } \hline \text { Acquisition Date } & 1 / 1 / 07 & 1 / 1 / 07 & 6 / 30 / 07 \\\hline \text { Cost } & \$ 250,000 & & \$ 320,000 \\\hline \begin{array} { l } \text { Accumulated } \\\text { Depreciation, 12/31/09 }\end{array} & & \$ 120,000 & \\\hline \text { Depreciation 2008 } & \$ 40,000 & & \$ 90,000 \\\hline \text { Depreciation 2009 } & \$ 32,000 & & \$ 70,000 \\\hline \text { Book value, 12/31/08 } & \$ 160,000 & \$ 240,000 & \$ 180,000 \\\hline \text { Book value, 12/31/09 } & & & \\\hline \text { Estimated service life } & & & 5 \\\hline \text { Estimated salvage value } & 0 & 0 & \$ 20,000 \\\hline \text { Depreciation method } & & \text { Straight-line } & \\\hline\end{array}

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Definitions:

Developmental Psychology

The branch of psychology that studies how people grow and change throughout the life span, from infancy to old age.

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Life Course

An approach in sociology and psychology that studies individuals and their changes in behavior or life path over their lifespan, often in a social context.

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Structured programs aimed at addressing and mitigating specific issues or behaviors, often within a therapeutic, educational, or community context.

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