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Question: Problem 9-9A Grouper Corporation purchased machinery on January 1, 2017, at a cost of $310,000. T…
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Problem 9-9A

Grouper Corporation purchased machinery on January 1, 2017, at a
cost of $310,000. The estimated useful life of the machinery is 4
years, with an estimated salvage value at the end of that period of
$34,000. The company is considering different depreciation methods
that could be used for financial reporting purposes.

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Prepare separate depreciation schedules for the machinery using
the straight-line method, and the declining-balance method using
double the straight-line rate.

STRAIGHT-LINE DEPRECIATION

Computation

End of Year

Years

Depreciable Cost

x

Depreciation Rate

=

Annual Depreciation Expense

Accumulated Depreciation

Book Value

2017 $

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

% $

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

$

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

$

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

2018

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

%

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

2019

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

%

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

2020

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

%

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

$

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

DOUBLE-DECLINING-BALANCE DEPRECIATION

Computation

End of Year

Years

Book Value Beginning of Year

×

Depreciation Rate

=

Annual Depreciation Expense

Accumulated Depreciation

Book Value

2017 $

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

% $

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

$

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

$

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

2018

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

%

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

2019

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

%

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

2020

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

%

4,750

*

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

$

Question: Problem 9-9AGrouper Corporation purchased machinery on January 1, 2017, at acost of $310,000. T...

* Depreciation expense for 2020 under Double
declining-balance is adjusted so that ending book value is equal to
salvage value.

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