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Just not sure to find the residual value for Asset B Exercise 11-6 (Algo) Depreciation methods; solving for unknowns (LO11-2] For each of the following
Just not sure to find the residual value for Asset B
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.) Answer is complete but not entirely correct. Depreciation Service Life (Years) Asset Residual Value $ 37,000 42,114 X 5 Cost $200,000 74,000 99,000 264,000 | 217,000 Method DDB SL SL SL DDB Depreciation (Year 2) $ 48,000 6,200 10,000 23,700 | 40,688 9,000 . 27,000 37,000 9 10 8Step by Step Solution
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