Homework Answers
| 1 | Depreciation for 2018 =$20,000*40% =$8,000 | ||
| Book value as on Jan 1,2019 =$20,000 - $8,000 =$12,000 | |||
| Depreciation for 2019 =$12,000*40% =$4,800 | |||
| Balance in Accumulated Depreciation =$8,000 + $4,800 =$12,800 | |||
| So Option A is answer | |||
| 2 | Amount allocated to Building =$140,000*$78,000 / ($78,000+53,000+26,000) | ||
| Amount allocated to Building =$140,000*$78,000 / $157,000 =$69,554 or $69,580 | |||
| So Option B is answer | |||
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