Question

# From the following facts, complete a depreciation schedule by using the straight-line method: (Input all amounts...

From the following facts, complete a depreciation schedule by using the straight-line method: (Input all amounts as positive values.)

 Cost of Honda Accord Hybrid \$ 39,600 Residual value \$ 5,800 Estimated life 8 years
 End of year Cost of Honda Accord Depreciation expense for the year Accumulated depreciation at end of year Book value at end of year 1 \$ \$ \$ \$ 2 \$ \$ \$ \$ 3 \$ \$ \$ \$ 4 \$ \$ \$ \$ 5 \$ \$ \$ \$ 6 \$ \$ \$ \$ 7 \$ \$ \$ \$ 8 \$ \$ \$ \$

 End of year Cost of Honda Accord Depreciation expense for the year Accumulated depreciation at end of year Book value at end of year 1 39,600 4,225 4,225 35,375 2 39,600 4,225 8,450 31,150 3 39,600 4,225 12,675 26,925 4 39,600 4,225 16,900 22,700 5 39,600 4,225 21,125 18,475 6 39,600 4,225 25,350 14,250 7 39,600 4,225 29,575 10,025 8 39,600 4,225 33,800 5,800 Note 1: Depreciation expense per year = (Original cost - salvage value )/life of asset =(39600-5800)/8 4225

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