Robert owns a $214,000 town house and still has an unpaid mortgage of $150,000. In addition to his mortgage, he has the followin
1 answer:
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Answer:
32,000
8000
see below
.16
see below
Explanation:
I'm not really sure what the schedule is supposed to look like (im not good at accounting) exactly but i whipped up something real quick in excel and if you have any questions ask
the depreciable cost is just cost-salvage (the amount that's going to be depreciated) so for us its 34000-2000 or 32,000
the depreciation expense is just the depreciable cost divided by the useful live (32,000/4)=8000
see my attempt at a depreciation schedule below
The deprecation rate per unit is the depreciable cost divided by the total units
32000/200000= .16
and you can see below my attempt at the units of production schedule
