ACCT216 Week 5 Homework
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ACCT216 Week 5 Homework
Week 5 Homework
Suppose the Atlanta Falcons purchased a new set of goal posts for $20,000 each. The Falcons expect the goal posts to have a useful life of five years and a salvage value of $1,000 each when they sell them to a local high school.
Required:
- Compute the first years depreciation using the following methods:
- Straight-line
- Double-declining balance
- Suppose the team depreciates the asset based on number of goals scored. The team anticipates goals to be 40 in the first year, 46 in the second year, 38 in the third, 50 in the fourth when they win the Super Bowl, and 45 in the fifth year. Compute their first year depreciation using the units-of-production method.
- Which method do you think is the most representative of accurate depreciation of the goal posts?
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Basic Information
Price
4.99
Uploaded on
Jan. 7, 2023
Subject
Accounting
Course Code
acct-216
Attachments
1 Files
Institution
None