AL20-\ntermedicte Accounting 1 Dianna Lynn L. Molina BSA-2 Block 4 FINAL QUIZ 1 eS Problem A Alcantara ocquired an equipment on Tune 25: 10x for 4,000.00: The equipment is eshmcted 40 have a useful tife of 5 Yeors and residual value of P50,000- Requied: Prepare the depreciation table from AOxt- 20K using the folowy dcpreaation method 6: Sent he computation of annual depreciation. SID rate ond double declining rate: 1 Kroight -line me Doumn-Of- the-years’ digits method 2) Double declining boiare method HSraight-\ine Nernod Annual Depreciation =(Wst-RV) JeuL = (11000000 ~50)000) /5 = 950,000 /5. Rael Dare Depreciation Reoumulated Deprevidtion | Carrying Amount Sune 26, 201 4,000 1000 December 22011] (440,000H0X6) 95, 000 95,000 05, 000 December 21, 2x2 490, 000 196 ,000 “5 , 000 vember 22049) {901 000 415 000 505 , 000. [Dexenber: 2 20x! 490, 000 (wu5,000 25,000 [December 2206 440, 000 955,000 145, 000 Dacmberat,2a¥o] (120.000 142X6) 95, 00d. 950,000 50, 000 > 5(9) aie epreadble Amour |SYD Rate Depreuain | [june 15 20% : a ae iTWTTIX) 190,99 . Deerber 70K] 950,000 | 145 He Gi wi a ear 158,724 | 4 BoutL Date reciation k Ser ee Vee ccumulated Depreciation | rrying Amount eae sind 58,294 ee eaber aang 165, 000 ae i ote Daenber 1 Ot, Oe : bbb te a on Denn 2a 156, 10 1, a Deer 4% , 00 8, 7 ie Mone 2A 4, Gab [4,10 a a L DVable Vedinind Balance Rate = ZIlife 22/5 204% Vote. [June 25 fox | 1,000,000 ae Igrenhey 91, Z0r1 | (1,000,000 /iexw) x 40% 2001000 December 31 Def 1,000,000 ~200 1000 = 900,000 x40 “fo 820,000. December a. 213] 800000 - 220,000 = 40,0 : , 1 a 000 x404 [December 1 2014| 480.000 - 172,000 = 208) 000 ae 5 i 5 {December 24 0x5|_ 288,000 - 113, 200 = 50.000 122, i [December 21 © 2 Date Depreviation Recumul ated Deprecioti ee caoton a — (Deceoer 21, 20Xt 200 ,000 200, 000 300, 000 (Deeinber 1, KL 920, 000 520, 000 6 2 4A, 000 111, 000 7 7 71 mid 115 1 000 Gu,_000 {72,000 aenbee a 206 | —_ #221 O90 0,00 50,000 Daambtr Aft 0 2 2Problem ® Use the information in the Preceding, Problem, except Aha} the machine was estimated 40 have O total sewite Ie of 25,000 hours ond a total praductve copacty of 450, OoDunit$: mnforinchén on actual usage ood_peoducion are_as_ follows « Year tours | Units Produced 0x1 2, 500 | 125,000 _ Ay 1,000 | 780, 000 5000 | 20,000 204 4, 500 | 750, 000 2X5 2 000z | 138, 000 _ 20K 2, 900 | 90, 000 Required’ Compute fur the depreciation rate using based on input and based on Output then prepare 4he depreciation toble 4 Based on Input (Manufacturing Hours) Depreciation Rate = (P1000000 - 50,000) / 25,000 hours = P.950,000 / 25,000 hours =[9.30 ni Dale a "_ [Depreciation unoulated Deprecidhion | Canyino, brcunt 20k __| gvoo ours x Pee! 192,000 193 , 000 Bb7, 000 0X7 _| 7,000 Wows ¢ PIB] 2b , 000 299, 000 Got , ood 0x3 _| 5,000 hours x P38! 10, ooh 7 fA, 000 Aft ood 20d | A150 hous x pam! 111, oo Ju0_, 000 240 ood |__ 2x5 __| 4,000 hows x Pao] 1M , ono $74, 000 {2b 000 WwXb | 2/000 hours X Pea] Tb , 400 450 _, 00 50, 000 on Outout [Number of units oroduced ) 2 ro Rho + (1,000,000 - 50,000 ) | 50,90 units = Pie 000 1450; 000 uni pate Depetiation | fruuinuloted OePrerigtion |Camrying_Nooun| 20x4 _| 425,000 units x 24 1425 1000 125,000 | @715, 000 _|