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Accounting Chapter 4 Acquired Method Display Racks Depreciation Schedule
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April 17, 2023
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What SUP, Inc.
Equipment Depreciat
ion Summary
Asset
Date
Acquired
Cost
Deprec.
Method
2014
Deprec.
2014
Acc.
Deprec.
2015
Deprec.
2015
Acc.
Deprec.
2016
Deprec.
2016
Acc.
Deprec.
Display Racks
1/1/2014
25,000
$
S/L
$5,000
$5,000
$5,000
$10,000
$5,000
$15,000
Chairs
1/1/2014
8,000
$
S/L
$1,540
$1,540
$1,540
$3,080
$1,540
$4,620
Forge
1/1/2015
85,000
$
S/L
$11,571
$11,571
$11,571
$23,143
What SUP, Inc. Depreciat
ion Schedule
Asset #
1001
Asset
Display Racks
Year
Depreciation
Expense
Accumulated
Depreciation
2014
$5,000.00 $5,000.00
What SUP, Inc. Depreciat
ion Schedule
Asset #
1002
Year
Depreciation
Expense
Accumulated
Depreciation
2014
$1,540.00 $1,540.00
2015
$1,540.00 $3,080.00
2016
$1,540.00 $4,620.00
2017
$1,540.00 $6,160.00
2018
$1,540.00 $7,700.00
What SUP, Inc. Depreciat
ion Schedule
Asset #
1003
Asset
Forge
Year
Depreciation
Expense
Accumulated
Depreciation
2015
$11,571.43 $11,571.43
2016
$11,571.43 $23,142.86
2017
$11,571.43 $34,714.29
2018
$11,571.43 $46,285.71
2019
$11,571.43 $57,857.14
2020
$11,571.43 $69,428.57
2021
$11,571.43 $81,000.00