A broadcasting corporation purchased an equipment for BD5,300 and paid BD150 for freight and delivery charges to the jobsite. The equipment has a normal life of 10 years with a trade value of BD500 against the purchase of new equipment at the end of the life. A. Prepare the annual depreciation schedule for 10 years using DB and DDB Methods. B. Prepare the annual depreciation schedule for 10 years using SOYD Method

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1.
A broadcasting corporation purchased an equipment for BD5,300 and paid
BD150 for freight and delivery charges to the jobsite. The equipment has a
normal life of 10 years with a trade value of BD500 against the purchase of a
new equipment at the end of the life.
A. Prepare the annual depreciation schedule for 10 years using DB and DDB
Methods.
B. Prepare the annual depreciation schedule for 10 years using SOYD Method
An electronic balance costs BD9,000 and has an estimated salvage value of
BD800 at the end of its 10 years life. What would be the book value after three
years using the DDB?
NOTE: shuld be write formula before answer
2.
Transcribed Image Text:1. A broadcasting corporation purchased an equipment for BD5,300 and paid BD150 for freight and delivery charges to the jobsite. The equipment has a normal life of 10 years with a trade value of BD500 against the purchase of a new equipment at the end of the life. A. Prepare the annual depreciation schedule for 10 years using DB and DDB Methods. B. Prepare the annual depreciation schedule for 10 years using SOYD Method An electronic balance costs BD9,000 and has an estimated salvage value of BD800 at the end of its 10 years life. What would be the book value after three years using the DDB? NOTE: shuld be write formula before answer 2.
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