这是上一年的资产负债表
The Ruffy Stuffed Toy Company’s balance sheet at the end of 19x7 was as follows:
Assets
Cash 27,300
Accounts Receivable 35,000
Inventory 57,000
Total Current Assets 119,300
Property, Plant, and Equipment
Equipment 25,000
Less Accumulated Depreciation <2,500>
Net Equipment 22,500
Furniture 16,000
Less Accumulated Depreciation <2,000>
Net Furniture 14,000
Total Prop, Plant, Equip 36,500
Total Assets 155,800
Liabilities and Shareholders’ Equity
Payables
Accounts Payable 65,000
Salary Payable 3,000
Utilities Payable 1,500
Loans (Long-term debt) 25,000
Total Liabilities 94,500
Common Stock 45,000
Retained Earnings 16,300
Total Shareholders’ Equity 61,300
Total Liabilities & Shareholders’ Equity 155,800
就是下面的这两个问题,请问19x8年的资产折旧该怎样处理?
The equipment has been estimated to have a useful life of 20 years, with no salvage value. Two years have been depreciated through 19x7.
The existing furniture has been estimated to have a useful life of 8 years (no salvage value), of which one year has been depreciated through 19x7.