Plant asset: Estimated salvage value:
Depreciation method: Estimated useful life:
Depreciation rate: Date bought:
Original cost:
Year Beginning Book
Value
Annual
Depreciation
Accumulated
Depreciation
Ending Book
Value
Name Date Class
19-5 WORK TOGETHER (concluded)
DEPRECIATION TABLE
1$800.00 $200.00 $200.00 $600.00
2600.00 150.00 350.00 450.00
3450.00 112.50 462.50 337.50
Sander
Double Declining-Balance
25%
$800.00
Jan. 7
8 years
$80.00
19-5 ON YOUR OWN, p. 606
Calculating depreciation using the double declining-balance depreciation method
Plant asset: Estimated salvage value:
Depreciation method: Estimated useful life:
Depreciation rate: Date bought:
Original cost:
Year Beginning Book
Value
Annual
Depreciation
Accumulated
Depreciation
Ending Book
Value
Plant asset: Estimated salvage value:
Depreciation method: Estimated useful life:
Depreciation rate: Date bought:
Original cost:
Year Beginning Book
Value
Annual
Depreciation
Accumulated
Depreciation
Ending Book
Value
DEPRECIATION TABLE
DEPRECIATION TABLE
1 $3,000.00 $1,200.00 $1,200.00 $1,800.00
Skate Rack
Double Declining-Balance
40%
$3,000.00
Jan. 2
5 years
$200.00
1 $75,000.00 $18,750.00 $18,750.00 $56,250.00
2 56,250.00 14,062.50 32,812.50 42,187.50
Delivery Truck
Double Declining-Balance
25%
$75,000.00
Jan. 4
8 years
$8,000.00
19-5 ON YOUR OWN (concluded)
Plant asset: Estimated salvage value:
Depreciation method: Estimated useful life:
Depreciation rate: Date bought:
Original cost:
Year Beginning Book
Value
Annual
Depreciation
Accumulated
Depreciation
Ending Book
Value
DEPRECIATION TABLE
1$600.00 $300.00 $300.00 $300.00
2300.00 150.00 450.00 150.00
Ofce Shredder
Double Declining-Balance
50%
$600.00
Jan. 6
4 years
$50.00
584 • Working Papers
© 2019 Cengage®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
CASH PAYMENTS JOURNAL PAGE
12345
DATE ACCOUNT TITLE CK.
NO.
POST.
REF.
GENERAL ACCOUNTS
PAYABLE
DEBIT
PURCHASES
DISCOUNT
CREDIT
CASH
CREDIT
DEBIT CREDIT
1 1
19-6 WORK TOGETHER, p. 609
Journalizing buying intangible assets and calculating amortization expense
1.
2.
GENERAL JOURNAL PAGE
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF. DEBIT CREDIT
1 1
2 2
3 3
TE
20X1
1
1
Adjusting Entries
20X1
Dec. 31 Amortization Expense 2 0 0 0 00
Patent 2 0 0 0 00
23148_ch19_hr_561-604.indd 584 1/18/18 1:37 AM
CASH PAYMENTS JOURNAL PAGE
DATE ACCOUNT TITLE CK.
PAYABLE
DEBIT
PURCHASES
DISCOUNT
CREDIT
1 1
2 2
3 3
4 4
1.
2.
GENERAL JOURNAL PAGE
DATE ACCOUNT TITLE DOC.
1 1
2 2
3 3
4 4
5 5
Name Date Class
19-6 ON YOUR OWN, p. 609
Journalizing buying intangible assets and calculating amortization expense
20X1
Jan. 4 Trademark C112 35 0 0 0 00 35 0 0 0 00
6 Patent C115 98 0 0 0 00 98 0 0 0 00
1
Adjusting Entries
20X1
Dec. 31 Amortization Expense 4 3 7 5 00
Trademark 4 3 7 5 00
31 Amortization Expense 14 0 0 0 00
Patent 14 0 0 0 00
586 • Working Papers
© 2019 Cengage®. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.
CASH PAYMENTS JOURNAL PAGE
12345
DATE ACCOUNT TITLE CK.
NO.
POST.
REF.
GENERAL ACCOUNTS
PAYABLE
DEBIT
PURCHASES
DISCOUNT
CREDIT
CASH
CREDIT
DEBIT CREDIT
1 1
2 2
19-1 APPLICATION PROBLEM (LO1, 2, 3), p. 613
Journalizing buying plant assets and paying property tax
TE
20–
Jan. 4Office Equipment C226 6 0 0 00 6 0 0 00
5Store Equipment C230 4 2 0 0 00 4 2 0 0 00
1
23148_ch19_hr_561-604.indd 586 1/18/18 1:37 AM
Name Date Class
19-2 APPLICATION PROBLEM (LO4, 5, 6), p. 613
Calculating straight-line depreciation
Plant asset: Estimated salvage value:
Depreciation method: Estimated useful life:
Original cost: Date bought:
Year Beginning Book
Value
Annual
Depreciation
Accumulated
Depreciation
Ending Book
Value
Plant asset: Estimated salvage value:
Depreciation method: Estimated useful life:
Original cost: Date bought:
Year Beginning Book
Value
Annual
Depreciation
Accumulated
Depreciation
Ending Book
Value
DEPRECIATION TABLE
DEPRECIATION TABLE
Freezer
Straight-line
Jan. 4
6 years
$600.00
$15,000.00
1$15,000.00 $2,400.00 $ 2,400.00 $12,600.00
212,600.00 2,400.00 4,800.00 10,200.00
310,200.00 2,400.00 7,200.00 7,800.00
Conference Table
Straight-line
Mar. 30
5 years
$250.00
$3,000.00
1$3,000.00 $412.50 $ 412.50 $2,587.50
Plant asset: Estimated salvage value:
Depreciation method: Estimated useful life:
Original cost: Date bought:
Year Beginning Book
Value
Annual
Depreciation
Accumulated
Depreciation
Ending Book
Value
19-2 APPLICATION PROBLEM (concluded)
DEPRECIATION TABLE
Microwave Oven
Straight-line
Aug. 2
5 years
$100.00
$2,200.00
20X1 $2,200.00 $175.00 $ 175.00 $2,025.00
20X2 2,025.00 420.00 595.00 1,605.00
PLANT ASSET RECORD No. General Ledger Account No.
Description General Ledger Account
Date Serial
Bought Number Original Cost
Estimated
Estimated Salvage Depreciation
Useful Life Value Method
Name Date Class
19-3.1 APPLICATION PROBLEM (LO7), p. 613
Preparing plant asset records
Freezer Store Equipment
January 4, 20X1
6 years
674-653B $15,000.00
Straight-line$600.00
561 1220
PLANT ASSET RECORD No. General Ledger Account No.
Description General Ledger Account
Date Serial
Bought Number Original Cost
Estimated
Estimated Salvage Depreciation
Useful Life Value Method
19-3.1 APPLICATION PROBLEM (continued)
Conference Table Ofce Equipment
March 30, 20X1
5 years
FX27J482 $3,000.00
Straight-line$250.00
562 1210
PLANT ASSET RECORD No. General Ledger Account No.
Description General Ledger Account
Disposed of: Discarded Sold Traded
Date Disposal Amount
Year Annual Depreciation Expense Accumulated Depreciation Ending Book Value
Continue record on back of card
19-3.1 APPLICATION PROBLEM (concluded)
Microwave Oven Store Equipment
563 1220
20X1 $175.00 $ 175.00 $2,025.00
GENERAL JOURNAL PAGE
DATE ACCOUNT TITLE DOC.
NO.
POST.
REF. DEBIT CREDIT
1 1
2 2
3 3
19-3.2 APPLICATION PROBLEM (LO8), p. 613
Journalizing annual depreciation expense
23
Adjusting Entries
20X4
Dec. 31 Depreciation Expense—Office Equipment 19 3 5 8 00
Accum. Depreciation—Office Equipment 19 3 5 8 00