brockmerino
30.12.2019 •
Business
Aplant asset has a cost of $24,000 and a residual value of $6,000. the asset has a threeyear life.
if depreciation in the third year amounted to $3,000, which depreciation method was used?
a. straight-line
b. declining-balance
c. sum-of-the-years'-digits
d. cannot tell from information given
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Ответ:
It Sum-of-the -years'-digits method
Explanation:
Depreciation Expense=[Remaining useful life of the asset÷ Sum of the year's digit )×Depreciable cost
Sum-of-the -years'-digits= 3+2+1= 6
Depreciable cost = $24,000- $6,000 = $18,000
Year 1 -Depreciation = [3/6] * $18,000
= $9,000
Year 2-Depreciation =[2/6] * $18,000
= $6000
Year 3-Depreciation =[1/6] * $18,000
= $3000
The sum of years’ digits method is a form of accelerated depreciation that is based on the assumption that the productivity of the asset decreases with the passage of time.
Ответ:
Explanation:
Accounts receivable is money owed to a company by its debtors.
Account payable amounts due to vendors or suppliers for goods or services received that have not been yet paid for.