Question
Please provide your response to the nearest integer with no comma or $ sign . A tractor for over-the-road hauling is purchased for $51,000. It
Please provide your response to the nearest integer with no comma or $ sign. A tractor for over-the-road hauling is purchased for $51,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $3,000. Calculate the depreciation deduction and the the book value during each year of the tractors life.
Using straight-line (SLN) depreciation, provide depreciation and book value for year 5.
Depreciation for year 5 = $
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Using SLN, the book value for year 5 = $
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Using declining-balance depreciation at 150% of the straight line rate, provide depreciation and book value for year 5.
Depreciation for year 5 = $
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Using declining-balance depreciation (150%), book value for year 5 = $
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Using double declining balance depreciation, provide depreciation and book value for year 5.
Depreciation for year 5 = $
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Using double declining balance, book value for year 5 = $
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