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ABC Sport acquired equipment at a cost of $200,000 on 1 January 2003. The asset
ABC Sport acquired equipment at a cost of $200,000 on 1 January 2003. The asset
游客
2025-06-21
17
管理
问题
ABC Sport acquired equipment at a cost of $200,000 on 1 January 2003. The asset was estimated to have a scrap value of $20,000 and an estimated useful life of 5 years. If you are the accountant of ABC Sport, please compute the annual depreciation expense for each year respectively.
Required:
(a)Using straight-line method.
(b)Using double-declining-balance method (reducing balance method).
(c)Using sum-of-the-years-digits method.
选项
答案
(a) Annual depreciation expense = ($200,000 -$20,000)/5=36,000
Annual depreciation expense for each year equals with each other.
(b) Double-declining-balance rate = Straight-line rate×2 = 40%
depreciation expense for year 2003 = $200,000×40% = $80,000
depreciation expense for year 2004 = $120,000×40% = $48,000
depreciation expense for year 2005 = $72,000×40% = $28,800
depreciation expense for year 2006 = $43,200×40% = $17,280
depreciation expense for year 2007 = $25,920 -$20,000 = $5,920
(c) Sum of the year’s digits = 1+2+3+4+5= 15
depreciation expense for year 2003 = ($200,000-$20,000)×5/15 = $60,000
depreciation expense for year 2004 = ($200,000-$20,000)×4/15 = $48,000
depreciation expense for year 2005 = ($200,000-$20,000)×3/15 = $36,000
depreciation expense for year 2006 = ($200,000-$20,000)×2/15 = $24,000
depreciation expense for year 2007 = ($200,000-$20,000)×5/15 = $12,000
解析
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