Unit 8 Assignment:
There are TWO Assignments due this unit.
Assignment 1: Exercises Assignment: complete the following Exercises: 7-3, 7-4, and 7-8.
Download the required Template to complete the Exercises. View the grading rubric as well as the solutions to self-check your work.
Assignment 2: Writing Assignment: view instructions and grading rubric.
Upload your two files, the Excel file plus your writing Assignment to the corresponding Dropboxes by the end of the unit.
Writing Assignment
Read the scenario below and answer questions 13 in a Microsoft Word document. For question 1, give your answer and show your work. For Questions 2 and 3 answer each question in a paragraph of at least 100 words. Use APA format and cite any sources.
Sanders Construction Co. specializes in building replicas of historic houses. Brett Sanders, president of Sanders Construction, is considering the purchase of various items of equipment on July 1, 2014 for $300,000. The equipment would have a useful life of 5 years and no residual value. Brett is considering depreciating the equipment by the straight-line method or the double declining balance method.
Answer the following questions:
Calculate the depreciation for the first year using the straight-line method and the Double declining balance method, show your work.
In a short paragraph, explain the straight-line depreciation method and the Double declining balance method.
In your opinion, which method would be better for the company to use, why? Explain your answer.
In this Assignment on calculating depreciation using different methods, you will engage in developing the following professional competency:
Make sure your document includes:
Your Name
Date
Course Name and Section Number
Unit Number
Assignment Name
Page Numbers
Directions for Submitting your Assignment
Compose your Assignment in a Microsoft Word document and save it as Username AC113 Writing Assignment (Example: Jsmith AC113 Unit 8 Writing Assignment.doc). Submit your file by selecting the appropriate Unit 8: Writing Assignment Dropbox by the end of Unit 8.