![hilton894](/avatars/25853.jpg)
hilton894
03.07.2019 •
Mathematics
Afleet of refrigerated delivery trucks is acquired on january 5, 2017, at a cost of $830,000 with an estimated useful life of eight years and an estimated salvage value of $75,000. compute the depreciation expense for the first three years using the double-declining-balance method
Solved
Show answers
More tips
- F Food and Cooking How to Quickly Put your Child to Sleep?...
- F Food and Cooking Discover the Benefits and Properties of Dates...
- C Computers and Internet Dynamically Assigned IP Address: What Is It and How Does It Work?...
- S Style and Beauty How to Get Rid of Acne: Scientifically Proven Methods...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
Answers on questions: Mathematics
- M Mathematics Lucas lives ⅝ mile from school. Kenny lives twice as far as Lucas from the school. How many miles does Kenny live from school?...
- M Mathematics A sample of 40 songs from a student’s iTunes playlist showed a mean length of 3.542 minutes with a standard deviation of 0.311 minute. Construct a 95% confidence...
- M Mathematics What is the slope of y = 2x + 4...
- M Mathematics A supermarket uses two suppliers, c and d of strawberries...
- M Mathematics Find x of the triangle...
- M Mathematics Solve the system of equation3x+2y+z=3,2x+y+z=0,6x+2y+4z=6...
- M Mathematics HELP DUE IN 5 MInUTes ASAp Which expression calculates the speed in meters per second of an object that travels a distance of 100 m every 20 s? 100⋅20 10020 100−20...
- M Mathematics M = 1/2, passes through (8, 1) find the equation of the line...
- M Mathematics Round 0.832 to the nearest hundredth....
- M Mathematics Michele is starting a new pool-cleaning business. It costs her $85 to purchase supplies. Michele charges $40 each time she cleans a pool. Which equation can be used...
Ответ:
1st year: $ 622,500
2nd year: $415,000
3rd year: $207,500
Step-by-step explanation:
Step 1: Write the beginning book value of the asset
$830,000
Step 2: Determine the asset's estimated useful life
8 years
Step 3: Determine the asset's salvage value
$75,000
Step 4: Subtract the salvage value from the beginning value to get the total depreciation amount for the asset's total life.
830,000 - 75,000 = $755,000
Step 5: Calculate the annual depreciation rate
Depreciation rate = 100%/8 years = 12.5%
Step 6: Multiply the beginning value by twice the annual depreciation rate to find the depreciation expense
Depreciation expense = 830,000 x 25% = $207,500
Step 7: Subtract the depreciation expense from the beginning value to find the ending period value
Ending period value for 1st year: Beginning value - depreciation expense
830,000 - 207,500 = $ 622,500
Ending period value for 2nd year: 622,500 - 207,500 = $ 415,000
Ending period value for 3rd year: 415,000 - 207,500 = $ 207,500
!!
Ответ: