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Exercise 11-6 (Algo) Depreciation methods; solving for unknowns (LO11-2] For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are
Exercise 11-6 (Algo) Depreciation methods; solving for unknowns (LO11-2] 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 Cost Residual Value $ 40,000 A B 80,000 105,000 270,000 220,000 Service Life Depreciation Depreciation (Years) Method (Year 2) 5 DDB $ 48,000 8 SL 6,500 SL 7,000 10 24,000 8 DDB D 7,000 30 000 40,000 E
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