Problem 6-1 Use the information found for this problem in the text book

Yes or No
a. A wheat crop has been planted. No
b. Calves are weaned. Yes
c. Apple crop has been harvested. Yes
d. Corn crop has been sprayed. No
e. All feeder pigs have reached market weight. Yes
g. Dairy cows have been milked. Yes
h. Hay crop has been sold. No
i. A contract to deliver soybean crop has been signed No

Problem 6-2 Use the information found for this problem in the text book
Amount
a. $ 2,000
b. $ 1,000
c. $ 2,000
d. $ 1,000
e. $ 500
f. $ 300
g. $ 4,000
h. $ 5,000

Problem 6-3 Use the information found for this problem in the text book

Truck Year
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6

Tractor Year
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
 Year 11
Year 12
Year 13
Year 14

Barn Year
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Year 11
Year 12
Year 13
Year 14
Year 15
Year 16
Year 17
Year 18
Year 19
Year 20
Year 21
Year 22
Year 23
Year 24
Year 25
Year 26
Year 27
Year 28
Year 29
Year 30

Problem 6-4 Use the information found for this problem in the text book

a. Annual Depreciation
Buildings $ 6,250.00
Improvements $ 6,250.00

b.
Truck (See grey box on page 153) Annual Depreciation
20X2 $ 2,940.00
20X3 $ 2,712.00
Gain/Loss
Loss
Gain
Loss
Gain
Gain
Loss
Loss
Gain

Annual
Depreciation
Expense Book Value
$ 4,500.00 $ 27,500.00
$ 4,500.00 $ 23,000.00
$ 4,500.00 $ 18,500.00
$ 4,500.00 $ 14,000.00
$ 4,500.00 $ 9,500.00
$ 4,500.00 $ 5,000.00

Annual
Depreciation
Expense Book Value Accumulated Depreciation
$3,000 $ 42,000.00 $3,000
$3,000 $ 39,000.00 $6,000
$3,000 $ 36,000.00 $9,000
$3,000 $ 33,000.00 $12,000
$3,000 $ 30,000.00 $15,000
$3,000 $ 27,000.00 $18,000
$3,000 $ 24,000.00 $21,000
$3,000 $ 21,000.00 $24,000
$3,000 $ 18,000.00 $27,000
$3,000 $ 15,000.00 $30,000
 $3,000 $ 12,000.00 $33,000
$3,000 $ 9,000.00 $36,000
$3,000 $ 6,000.00 $39,000
$3,000 $ 3,000.00 $42,000

Annual
Depreciation
Expense Book Value Accumulated Depreciation
$ 3,133.33 $ 96,866.67 3133.33
$ 3,133.33 $ 93,733.34 $ 6,266.66
$ 3,133.33 $ 90,600.00 $ 9,400.00
$ 3,133.33 $ 87,466.67 $ 12,533.33
$ 3,133.33 $ 84,333.34 $ 15,666.66
$ 3,133.33 $ 81,200.00 $ 18,800.00
$ 3,133.33 $ 78,066.67 $ 21,933.33
$ 3,133.33 $ 74,933.34 $ 25,066.66
$ 3,133.33 $ 71,800.00 $ 28,200.00
$ 3,133.33 $ 68,666.67 $ 31,333.33
$ 3,133.33 $ 65,533.33 $ 34,466.66
$ 3,133.33 $ 62,400.00 $ 37,600.00
$ 3,133.33 $ 59,266.67 $ 40,733.33
$ 3,133.33 $ 56,133.34 $ 43,866.66
$ 3,133.33 $ 53,000.00 $ 47,000.00
$ 3,133.33 $ 49,866.67 $ 50,133.33
$ 3,133.33 $ 46,733.34 $ 53,266.66
$ 3,133.33 $ 43,600.00 $ 56,400.00
$ 3,133.33 $ 40,466.67 $ 59,533.33
$ 3,133.33 $ 37,333.34 $ 62,666.66
$ 3,133.33 $ 34,200.00 $ 65,800.00
$ 3,133.33 $ 31,066.67 $ 68,933.33
$ 3,133.33 $ 27,933.34 $ 72,066.66
$ 3,133.33 $ 24,800.00 $ 75,200.00
$ 3,133.33 $ 21,666.67 $ 78,333.33
$ 3,133.33 $ 18,533.34 $ 81,466.66
$ 3,133.33 $ 15,400.00 $ 84,600.00
$ 3,133.33 $ 12,266.67 $ 87,733.33
$ 3,133.33 $ 9,133.34 $ 90,866.66
$ 3,133.33 $ 6,000.00 $ 94,000.00

Depreciation

Depreciation
Problem 6-7 Use information found for this problem in the text book
Hint: PPMT and IPMT formulas would help you with this problem
Interest Rate 10%
Principal $75,000
Payment $19,784.81
Interest
1 $7,500.00
2 $6,271.52
3 $4,920.19
4 $3,433.73
5 $1,798.62
Principal Loan Balance
$12,284.81 $62,715.19
$13,513.29 $49,201.90
$14,864.62 $34,337.28
$16,351.08 $17,986.19
$17,986.19 $0.00