Devry acct 216 week 5 homework b

1. DEVRY ACCT 216 Week 5 Homework
B
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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.
Required:
Compute the first years depreciation using the following methods:
2.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?