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Problem 2: Book Value and Depreciation Calculations The Brown Tree Service acquired new equipment: Cost Residual (Salvage Value) $236,800 $25,600 Estimated useful Life 8 years
Problem 2: Book Value and Depreciation Calculations The Brown Tree Service acquired new equipment: Cost Residual (Salvage Value) $236,800 $25,600 Estimated useful Life 8 years or 40,000 Units Required a. Determine the book value of the asset at the end of the THIRD year if the straight-line depreciation method is used. depreciation method is used. depreciation method is used and 6,000 units were produced? b. Determine the depreciation expense for the SECOND year assuming double-declining balance c. What would be the depreciation expense for the FIRST year if the units-of-production Answers: Computations a. Stay within the boarders Very Important b. C
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