please step by step solution. Revise your worksheet to reflect these updated assumptions and then answer the questions that follow.Original CostEstimated Residual ValueEstimated Useful YearsEstimated Units$ 139,200$ 34,800646,000Actual Units:Year 14,600Year 28,280Year 310,120Year 411,040Year 59,200Year 67,36050,600Required:1. Use your spreadsheet to recalculate Depreciation Expense, Accumulated Depreciation, and the Book Value for Year 6 undereach method. Note your revised values below.> Answer is complete but not entirely correct.Straight-LineDouble-Declining-BalanceActivity-BasedDepreciation Expense$Accumulated Depreciation17,400 $104,4000 $16,704 ×208,800 ×16,704 xBook Value34,800(69,600) ☑24,360 ×

Answered: Revise your worksheet to reflect these…

Century 21 Accounting Multicolumn Journal

11th Edition

ISBN:9781337679503

Author:Gilbertson

Publisher:Gilbertson

Chapter19: Accounting For Plant Assets, Depreciation, And Intangible Assets

Section19.5: Declining-balance Method Of Depreciation

Problem 1WT

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