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.
$$\begin{array} { | l | c | c | c | } \hline \text { Acquisition Date } & 1 / 1 / 07 & 1 / 1 / 07 & 6 / 30 / 07 \\\hline \text { Cost } & \$ 250,000 & & \$ 320,000 \\\hline \begin{array} { l } \text { Accumulated } \\\text { Depreciation, 12/31/09 }\end{array} & & \$ 120,000 & \\\hline \text { Depreciation 2008 } & \$ 40,000 & & \$ 90,000 \\\hline \text { Depreciation 2009 } & \$ 32,000 & & \$ 70,000 \\\hline \text { Book value, 12/31/08 } & \$ 160,000 & \$ 240,000 & \$ 180,000 \\\hline \text { Book value, 12/31/09 } & & & \\\hline \text { Estimated service life } & & & 5 \\\hline \text { Estimated salvage value } & 0 & 0 & \$ 20,000 \\\hline \text { Depreciation method } & & \text { Straight-line } & \\\hline\end{array}$$

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Definitions:

Independent Variable

A variable that is manipulated or changed in an experiment to observe its effect on a dependent variable.

Outcome Variable

Another term for the dependent variable, specifically referring to the result or effect measured in a study.

Factorial Analysis

A statistical method used to describe variability among observed variables in terms of a potentially lower number of unobserved variables called factors.

Source Table

A detailed table used in reporting research or statistical results, which sources data or information.