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Given the following information: Purchase Price =$100.000 Salvage Value =$10,000 Service Life =3 Years What is the Remaining Book Value amount at the end of
Given the following information: Purchase Price =$100.000 Salvage Value =$10,000 Service Life =3 Years What is the Remaining Book Value amount at the end of year two using the Straight Line Method? a.) $40,000 b.) $10,000 c.) $70,000 d.) $100,000 What is the Remaining Book Value amount at the end of year one using the Straight Line Method? a.) $40,000 b.) $10,000 c.) $70,000 d.) $100,000 What is the Depreciation amount at the end of year one using the Straight line Method? a.) $30,000 b.) $33,333 c.) $45,000 d.) $90,000 What is the Depreciation amount at the end of year two using the Double Declining Method? a.) $15,000 b.) $22,222 c.) 66,667 d.) $90,000 What is the Depreciation amount at the end of year three using the Sum-of-the-Digits Method? a.) $15,000 b.) $16,667 c.) $45,000 d.) $50,000 What is the Remaining Book Value amount at the end of year two using the Sum-of-the Digits Method a.) $10,000 b.) $15,000 c.) $25,000 d.) $55,000 What is the Depreciation amount at the end of year two using the Straight line Method? a.) $30,000 b.) $33,333 c.) $45,000 d.) $90,000 What is the Remaining Book Value amount at the end of year two using the Sum-of-the Digits Method? a.) $10,000 b.) $25,000 c.) $50,000 d.) $30,000 What is the Depreciation amount at the end of year three using the Straight line Method? a.) $10,000 b.) $20,000 c.) $25,000 d.) $30,000 What is the Beginning Book Value amount at the start of year two using the Straight Line Method ? a.) $100,000 b.) $16,667 c.) $40,000 d.) $70,000 What is the Beginning Book Value amount at the start of year one using the Straight Line Method? a.) $100,000 b.) $16,667 c.) $45,000 d.) $55,000 What is the Beginning Book Value amount at the start of year three using the Sum-of-the-Digits Method? a.) $100,000 b.) $25,000 c.) $45,000 d.) $55,000 What is the Remaining Book Value amount at the end of year three using the Straight Line Method ? a.) $40,000 b.) $10,000 c.) $70,000 d.) $100,000 What is the Beginning Book Value amount at the start of year three using the Straight Line Method? a.) $100,000 b.) $16,667 c.) $40,000 d.) $70,000 What is the Depreciation amount at the end of year two using the Sum-of-the-Digits Method? a.) $15,000 b.) $45,000 c.) $30,000 d.) $55,000
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