Show depreciation and book value for each of the four years assuming straight-line depreciation?

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Team Tanis


In early January 2011, LabTech purchases computer equipment for $200,000 to use in operating activities for the next four years. It estimates the equipmentâs salvage value at $41,000.

Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.



Answer
Depreciation base = (Cost - Salvage Value) = ($200,000 - $41,000) = $159,000

Annual Depreciation
= (Depreciation Base / Estimated Life) = ($159,000 / 4) = $ 39,750

. . . . . . . . . Accumulated Depreciation . . . . . . . Book Value *

End of year 1 . . . . $ .39,750 . . . . . . . . . . . . . . . . $ 160,250

End of year 2 . . . . $ .79,500 . . . . . . . . . . . . . . . . $ .120,500

End of year 3 . . . . $119,250 . . . . . . . . . . . . . . . . $ . .80,750

End of year 4 . . . . $159,000 . . . . . . . . . . . . . . . . $ . .41,000


* Book value = (Cost - Accumulated Depreciation)

We are traveling to Cancun in January 2011 for 5th anniversary; want to relax, but also enjoy some nightlife!?




cavibitch0


Me and my husband are travelling to Cancun in January 2011 for our 5th wedding anniversary. We have been to Maui and Vegas, but this is the first time to Cancun. We will have 6 full days there. The majority of the time we would like to spend relaxing, maybe a day of shopping, but would like an outdoor adventure or two. Any great tips? Best clubs? We will be staying at the Golden Parnassus Resort & Spa, what is close to this?


Answer
The booze cruise take a boat to the island of women "Isla de Mujeres" drink as much as you want, arrive at a private beach and enjoy a huge buffet.
The 'super-clubs' such as Coco Bongo, Dady O, The City, Dady Rock and Bulldog. You are about in the center of the Isla de Cancun and close to these bars.
The new park is Xplor a sister park of Xcaret. it has 17 different zip-lines and underground rivers with caves full of stalagmites and stalactites
Chitzen Itza. The 7th wounder of the world. This Mayan ruin is the biggest in the Yucatan. Wear comfortable shoes, a hat, and sunscreen, and maybe some bug spray.
Tulum ruins. Tulum is in three parts, the city, the beach, and the ruins. The ruins are the only walled in Mayan city with the most beautiful views of the Caribbean Ocean and the most gorgeous beach on the Rivera Maya. And yes the ruins are great too! Combine this trip with a trip to Coba another ruin just west, great day trip.
Xcret Park (ish car et) a nature park with the whole park made to look like a Mayan village.
Xel Ha (shel ha) natural water park but more Eco friendly and the chance to swim with the dolphins.
Wet and Wild just like the name and a chance to swim with the dolphins.
Isla Mujeres "Island of Women# during the day a short fun ferry ride to this island for a day of shopping and walking this island exploring, or you can rent a golf cart for the day.
And the best for last the city of Playa del Carmen where I live it just south of Cancun once here you will wounder why you did not book your vacation here. Playa has the famous 5th Av which runs the length of the whole town and is never a block or two from the Caribbean. Full of 100s of shops, bars and restaurants and never the need for a taxi as it is all walkable. No other town in Mexico or maybe the world can boost that all the hottest clubs and the beautiful Caribbean are within blocks of each other!
Got another question just ask or contact me directly as I live just south of Cancun in Playa del Carmen. First time in Cancun 27 years ago have seen a great change and been through a lot.




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