Depreciation – Practice!
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1. Question
Calculate the annual depreciation on the printing press over the 4 years with the straight-line depreciation method. Consider the following – Steez Inc. has a printing press they purchased for $10,000. At the end of its 4 year life, Steez Inc. estimates it will be worth $2,000. During the course of its life, Steez Inc. expects it to produce 8,000 shirts. The actual number of shirts it produced are:
- Year 1: 2,500
- Year 2: 1,500
- Year 3: 1,000
- Year 4: 2,000
Annual Depreciation: $
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2. Question
Consider the following – Steez Inc. has a printing press they purchased for $10,000. At the end of its 4 year life, Steez Inc. estimates it will be worth $2,000. During the course of its life, Steez Inc. expects it to produce 8,000 shirts. The actual number of shirts it produced are:
- Year 1: 2,500
- Year 2: 1,500
- Year 3: 1,000
- Year 4: 2,000
Calculate the depreciation on the printing press over the 4 years of usage with the activity-based method.
Year 1: $ in depreciation
Year 2: $ in depreciation
Year 3: $ in depreciation
Year 4: $ in depreciation
CorrectIncorrect