DEVRY ACCT 216 Week 5 Homework A

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DEVRY ACCT 216 Week 5 Homework A

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• Suppose the Atlanta Falcons purchased a new set
  of goal posts for 20,000 each. The Falcons
  expect the goal posts to have a useful life of
  five years and a salvage value of 1,000 each
  when they sell them to a local high
  school.RequiredCompute the first years
  depreciation using the following
  methods2.Suppose the team depreciates the asset
  based on number of goals scored. The team
  anticipates goals to be 40 in the first year, 46
  in the second year, 38 in the third, 50 in the
  fourth when they win the Super Bowl, and 45 in
  the fifth year. Compute their first year
  depreciation using the units-of-production
  method.3.Which method do you think is the most
  representative of accurate depreciation of the
  goal posts?