Question
Double Declining Balance. I want to make sure I have done this correctly. If I have a car worth $200,000 and it has a life
Double Declining Balance. I want to make sure I have done this correctly.
If I have a car worth $200,000 and it has a life of 5 years and the end life is $10,000. Would this be the correct math?
Yr 1 80,000
Yr 2 48,000
Yr 3 28,800
Yr 4 17,280
Yr 5 7,280
Please just answer with a yes or no.
Thank you
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Financial Accounting Reporting Analysis And Decision Making
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
5th Edition
0730313743, 978-0730313748
