Expert answer:Accounting Problem 9
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9)
Alpha Company has the following items in its equipment account:
1.
2.
3.
Asset & Date
Purchased
Delivery truck
(4/30/15)
Office Furniture
(6/1/15)
Computer
(4/1/15)
Method of
Depreciation
Unit of Activity
Cost
Salvage Value
$60,000
$11,000
Straight Line
$15,000
$500
Double Declining
$5,000
$700
The delivery truck is estimated to have a life cycle of 200,000 miles. It was driven for 1. 16,500 miles in
2015 & 24,600 miles in 2016 & 25,000 miles in 2017
2. The Office Furniture has a life expectancy of 7 years.
3. The Computer has a life expectancy of 4 years.
Round any per unit calculations to the nearest half penny. Round all annual depreciation expenses to
the nearest dollar. Use this information to compute for Fiscal Year 2017 the following values:
1. Book Value of the Delivery Truck
2. Depreciation Expense – Truck
3. Book Value of the Office Furniture
4. Depreciation Expense – Office Furniture
5. Book Value of the Computer
6. Depreciation Expense – Computer
…
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