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9.24 For each of four assets in the following table, determine the missing amounts (for asset type III, the annual usage is 15,000 miles): Types of Asset I II III IV Depreciating Methods SL DDB UP МАCRS End of year 4 3 4 Initial cost ($) 10,000 18,000 30,000 8,000 Salvage value ($) 2,000 2,000 1,000 Book value ($) 3,000 2,320 1,382 Depreciable life 8 уг 5 yr 90,000 mi Depreciable Amount ($) Accumulated Depreciable ($) 15,680

9.24 For each of four assets in the following table, determine the missing amounts (for asset type III, the annual usage is 15,000 miles): Types of Asset I II III IV Depreciating Methods SL DDB UP МАCRS End of year 4 3 4 Initial cost ($) 10,000 18,000 30,000 8,000 Salvage value ($) 2,000 2,000 1,000 Book value ($) 3,000 2,320 1,382 Depreciable life 8 уг 5 yr 90,000 mi Depreciable Amount ($) Accumulated Depreciable ($) 15,680

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You do not need to solve the MACRS partition on the 4th.

9.24 For each of four assets in the following table, determine the missing amounts (for asset type III, the annual usage is 15,000 miles): Types of Asset I II III IV Depreciating Methods SL DDB UP МАCRS End of year 7 4 3 4 Initial cost ($) 10,000 18,000 30,000 8,000 Salvage value ($) 2,000 2,000 1,000 Book value ($) 3,000 2,320 1,382 Depreciable life 8 yr 5 yr 90,000 mi Depreciable Amount ($) Accumulated Depreciable ($) 15,680
Transcribed Image Text:9.24 For each of four assets in the following table, determine the missing amounts (for asset type III, the annual usage is 15,000 miles): Types of Asset I II III IV Depreciating Methods SL DDB UP МАCRS End of year 7 4 3 4 Initial cost ($) 10,000 18,000 30,000 8,000 Salvage value ($) 2,000 2,000 1,000 Book value ($) 3,000 2,320 1,382 Depreciable life 8 yr 5 yr 90,000 mi Depreciable Amount ($) Accumulated Depreciable ($) 15,680
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