Home / Questions / Judds Company purchased a new plant asset on April 1 2014 at a cost of $1507320 It was est...
Judds Company purchased a new plant asset on April 1, 2014, at a cost of $1,507,320. It was estimated to have a service life of 20 years and a salvage value of $127,200. JuddsAc€?c accounting period is the calendar year.
Compute the depreciation for this asset for 2014 and 2015 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.)
Depreciation for 2014:
Depreciation for 2015:
Compute the depreciation for this asset for 2014 and 2015 using the double-declining-balance method.
Depreciation for 2014:
Depreciation for 2015:
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