Wilma S Wicker Furniture Purchmed A Lawer Gited Reson January 1 2020 At A Cost Of 20 000 Derection For 2000 And 2021 W 1 (127.5 KiB) Viewed 39 times
Wilma's Wicker Furniture purchmed a lawer gited reson January 1, 2020 at a cost of $20,000 Derection for 2000 and 2021 ww haned on an estimated year d tife and $4,000 estimated res Jary 1, 2002, wma's revised its estimates and now believes the laser tre sal ve total service life of an additional $2,000, was uses the double-declining balance method to depreciate alt ansets. Wina's Wickr Furniture has a t three years but the residual year end Required Calculate the following items provide supporting calculations in the workspace below) 2020 depreciation expense: S 2021 depreciation expense: S Carrying value at December 31, 2021: 5 Revised 2022 depreciation expense: $ 31
ation 15 out of PPE Depreciation Wilma's Wicker Furniture purchased a laser-guided mitre saw on January 1, 2020 at a cost of $20,000. Depreciation for 2020 and 2021 was based on an estimated 8-year useful life and $4,000 estimated residual value. On January 1, 2022, Wilma's revised its estimates and now believes the laser mitre saw will have a total service life of an additional three years but the residual value will be only $2,000. Wilma's uses the double-declining balance method to depreciate all assets. Wilma's Wicker Furniture has a December 31 year end. Required: Calculate the following items (provide supporting calculations in the workspace below): 2020 depreciation expense: $ 2021 depreciation expense: S Carrying value at December 31, 2021: S Time left 1 21:48 Revised 022 depreciation expense: $ Qui M
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