On January 1,2013,JK purchased a depreciable asset that cost $30,000.It has an estimated useful life of 100,000 units of output and an estimated 15 percent residual value.It will be depreciated using the productive output method.The asset produced units of output as follows: 2013:20,000 units,2014: 15,000 units.The accounting year ends December 31.The amortization expense and accumulated amortization account balances (before closing) at the end of 2014 will be: $$\begin{array} { | l | l | l | }
\hline & \text { Amortization Expense } & \text { Accumulated Amortization } \
\hline 1 & \$ 3,825 & \$ 8,925 \
\hline 2 & 3,825 & 10,500 \
\hline 3 & 4,500 & 10,500 \
\hline 4 & 6,000 & 8,925 \
\hline
\end{array}$$

Question

On January 1,2013,JK purchased a depreciable asset that cost $30,000.It has an estimated useful life of 100,000 units of output and an estimated 15 percent residual value.It will be depreciated using the productive output method.The asset produced units of output as follows: 2013:20,000 units,2014: 15,000 units.The accounting year ends December 31.The amortization expense and accumulated amortization account balances (before closing) at the end of 2014 will be: $$\begin{array} { | l | l | l | } 
\hline & \text { Amortization Expense } & \text { Accumulated Amortization } \
\hline 1 & \$ 3,825 & \$ 8,925 \
\hline 2 & 3,825 & 10,500 \
\hline 3 & 4,500 & 10,500 \
\hline 4 & 6,000 & 8,925 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer of On January 1,2013,JK purchased a depreciable asset that cost $30,000.It has an estimated useful life of 100,000 units of output and an estimated 15 percent residual value.It will be depreciated using the productive output method.The asset produced units of output as follows: 2013:20,000 units,2014: 15,000 units.The accounting year ends December 31.The amortization expense and accumulated amortization account balances (before closing) at the end of 2014 will be: $$\begin{array} { | l | l | l | } 
\hline & \text { Amortization Expense } & \text { Accumulated Amortization } \
\hline 1 & \$ 3,825 & \$ 8,925 \
\hline 2 & 3,825 & 10,500 \
\hline 3 & 4,500 & 10,500 \
\hline 4 & 6,000 & 8,925 \
\hline
\end{array}$$

On January 1,2013,JK Purchased a Depreciable Asset That Cost $30,000