ACCT 308
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ACCT 308 1
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To calculate the depreciation of Peyton Approved’s equipment I utilized the straight-line method 
which is calculated by equally distributing the depreciation throughout the asset’s depreciable 
life. For 2017 Payton Approved’s baking equipment cost $12,000 with an accumulated 
depreciation equaling $406.44 a year totaling $2032.20 over a five-year period. As shown on the 
Pro Forma Income Statement and Pro Forma Balance Sheets, depreciation for the new location is 
estimated at $2,142.86....
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To calculate the depreciation of Peyton Approved’s equipment I utilized the straight-line method 
which is calculated by equally distributing the depreciation throughout the asset’s depreciable 
life. For 2017 Payton Approved’s baking equipment cost $12,000 with an accumulated 
depreciation equaling $406.44 a year totaling $2032.20 over a five-year period. As shown on the 
Pro Forma Income Statement and Pro Forma Balance Sheets, depreciation for the new location is 
estimated at $2,142.86....