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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
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.)
Residual | Service Life | Depreciation | Depreciation | ||
Asset | Cost | Value | (Years) | Method | (Year 2) |
A | $33,000 | 5 | DDB | $42,000 | |
B | 66,000 | 8 | SL | 5,800 | |
C | 91,000 | 7,000 | SL | 12,000 | |
D | 256,000 | 23,000 | 10 | 23,300 | |
E | 213,000 | 33,000 | 8 | DDB |
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