For each of the depreciation schedules shown on the Patterson Planning Corp., fill in the following information. If an amount box does not require an entry, leave it blank.
Schedule A:
Useful life: 6 years
Residual value: $888
Asset cost: $27,000
Total operating hours: [Fill in the blank]
Schedule B:
Useful life: 7 years
Residual value: $4,730
Asset cost: $54,000
Total operating hours: [Fill in the blank]
Schedule C:
Useful life: 8 years
Residual value: $6,880
Asset cost: $45,150
Total operating hours: [Fill in the blank]