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An Asset Cost $13,000; Estimated Residual Value, $1,000, and Estimated

Question 172

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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 \begin{array}{|l|l|}\hline \text { In years } & 5 \\\hline \text { In running time (hours) } & 3.000 \text { Actual in Year 1 - 700 hours } \\\hline \text { In productive output (units) } & 10,000 \text { Actual in year 1 - } 2.000 \text { units } \\\hline\end{array}
Compute the following:  Method  Amortization Expense-Year 1  Carrying Value End of Year 1 A  Straight-line $___ B  Service hours $___ C  Productive output $___ D  SYD $___ E  Double declining balance $___\begin{array}{|l|l|l|}\hline \text { Method } & \text { Amortization Expense-Year 1 }&\text { Carrying Value End of Year } 1 \\\hline \text { A } & \text { Straight-line }&\$\_\_\_ \\\hline \text { B } & \text { Service hours } &\$\_\_\_ \\\hline \text { C } & \text { Productive output } &\$\_\_\_ \\\hline \text { D } & \text { SYD } &\$\_\_\_ \\\hline \text { E } & \text { Double declining balance } &\$\_\_\_ \\\hline\end{array}

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(a) Straight-line: ($13,000 - $1,000 = $...

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