Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. * Could you please explain this Straight-line rate based on what information you get 20% to calculate??? 2. * Could you please explain this

1.

image text in transcribed

image text in transcribed

* Could you please explain this Straight-line rate based on what information you get 20% to calculate???

2.

image text in transcribed

image text in transcribed

* Could you please explain this Straight-line rate based on what information you get 12.5% to calculate???

For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight-line and DDB for double-declining-balance. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Asset A : Straight-line rate is 20%(15 years )2=40% DDB rate 0.40$45,000=$112,500= Book value at the beginning of year 2 Cost(Cost40%)=$112,5000.60Cost=$112,500Cost=$187,500 \begin{tabular}{|c|c|c|c|c|c|} \hline E & 216,000 & 36,000 & 8 & DDB & 40,500 \\ \hline \end{tabular} Asset E: Straight-line rate is 12.5%(18 years )2=25% rate Year 1$216,00025.00%=$54,000 Year 2($216,00054,000)25.00%=$40,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

What is SQL? How is SQL like an Access query? How is it different?

Answered: 1 week ago