Judds Company purchased a new plant asset on April 1, 2014
January 13th, 2018
Exercise 11-3Judds Company purchased a new plant asset on April 1, 2014, at a cost of $1,507,320. It was estimated to have a service life of 20 years and a salvage value of $127,200. JuddsAc€?c accounting period is the calendar year. Compute the depreciation for this asset for 2014 and 2015 using the sum-of-the-years’-digits method. (Round answers to 0 decimal places, e.g. 45,892.)Depreciation for 2014: Depreciation for 2015: Compute the depreciation for this asset for 2014 and 2015 using the double-declining-balance method.Depreciation for 2014: Depreciation for 2015:
