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.

What is it you want to know? Suppose you tell us

Looks like a Depreciation problem, but the OP needs to know what depreciaiton method to use. One set of goal posts will equal 2 goal posts.

The goal here is to know what the question is? Despite indications to the contrary we are not mind readers

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Originally Posted by paraclete

what is it you want to know? suppose you tell us

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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.



1. Compute the first years depreciation using the following methods:
a. Straight-line
b. Double-declining balance
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?

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Originally Posted by paraclete

the goal here is to know what the question is? Dispite indications to the contrary we are not mind readers

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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.

1. Compute the first years depreciation using the following methods:
a. Straight-line
b. Double-declining balance
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?

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Originally Posted by shebat31

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.

1. Compute the first years depreciation using the following methods:
a. Straight-line
b. Double-declining balance
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?

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Let us discuss the principles here
A useful life has been determined therefore you should use this to answer question a and b use the residual value, ditto for question 2
Assets such as goal posts deteriorate when left to the elements and how many times a ball passes overhead is a not a determinant of useful life depending upon the conditions, coastal, dry desert, etc either method a or b might be an accurate method