An asset cost $13,000; estimated residual value,$1,000,and estimated life: -In years................. 5
-In running time (hours)... 3,000 Actual in Year 1- 700 hours
-In productive output (units) 10,000 Actual in Year 1-2,000 units Compute the following: $$\begin{array} { l l l }
& \text { Amortization } & \text { Carrying Value } \
\hline \text { Method } & \text { Expense-Year 1 } & \text { End of Year 1 }
\end{array}$$ (a) Straight-line
(b) Service hours
(c) Productive output
(d) SYD
(e) Double declining
Balance

Question

An asset cost $13,000; estimated residual value,$1,000,and estimated life: -In years................. 5
-In running time (hours)... 3,000 Actual in Year 1- 700 hours
-In productive output (units) 10,000 Actual in Year 1-2,000 units Compute the following: $$\begin{array} { l l l } 
& \text { Amortization } & \text { Carrying Value } \
\hline \text { Method } & \text { Expense-Year 1 } & \text { End of Year 1 }
\end{array}$$ (a) Straight-line
(b) Service hours
(c) Productive output
(d) SYD
(e) Double declining
Balance

Quizplus · Accepted Answer

The Answer of An asset cost $13,000; estimated residual value,$1,000,and estimated life: -In years................. 5
-In running time (hours)... 3,000 Actual in Year 1- 700 hours
-In productive output (units) 10,000 Actual in Year 1-2,000 units Compute the following: $$\begin{array} { l l l } 
& \text { Amortization } & \text { Carrying Value } \
\hline \text { Method } & \text { Expense-Year 1 } & \text { End of Year 1 }
\end{array}$$ (a) Straight-line
(b) Service hours
(c) Productive output
(d) SYD
(e) Double declining
Balance

An Asset Cost $13,000; Estimated Residual Value,$1,000,and Estimated Life: -In