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Bramble AG purchased a new plant asset on April 1, 2022, at a cost of 870,000. It was estimated to have a service life of
Bramble AG purchased a new plant asset on April 1, 2022, at a cost of 870,000. It was estimated to have a service life of 20 years and a residual value of 71,160. Bramble' accounting period is the calendar year. (a) Your answer is correct. Compute the depreciation for this asset for 2022 and 2023 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.) Depreciation for 2022 57,060 Depreciation for 2023 73,227 (b) Compute the depreciation for this asset for 2022 and 2023 using the double-declining-balance method. (Round answers to O decimal places, e.g. 45,892.) Depreciation for 2022 Depreciation for 2023 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit
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