Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

A machine has a first cost of 500.000 and a salvage value of 93.500 after n years. The book value at the end of 3rd

A machine has a first cost of 500.000 and a salvage value of 93.500 after n years. The book value at the end of 3rd year is calculated as 364.500 . Find the value of n? a) Assuming that straight line depreciation method is used. b) Assuming that double declining balance depreciation method is used. c) A car has a first cost of 240.000 and a salvage value of 81.250 after 8 years. What is the depreciation in the 5th (D5=?) year if you switch between depreciation methods (start with double declining balance and switch to straight line when necessary)? (DDB formulas: Dt=dB(1 d)t-1 =dBVt-1 and BVt=B(1 d)t )

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Finance questions

Question

Subtract the following hexadecimal numbers. 7 ACD - 3 AFE

Answered: 1 week ago