A small truck is purchased for $132,000. It is expected to be of use to the company for 9 years, after which it will be sold for $15,00 Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the TVM Factor Table Calculator Part a Part b - Use declining balance depreciation using a rate that ensures the book value equals the salvage value: EOY Depreciation Deduction. Unrecovered Investment 0 1 Your answer is partially correct. 2 $ $ 29,333.33 22814.81 $ $ 102,666.67 79851.81

A small truck is purchased for $132,000. It is expected to be of use to the company for 9 years, after which it will be sold for $15,00 Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life. Click here to access the TVM Factor Table Calculator Part a Part b - Use declining balance depreciation using a rate that ensures the book value equals the salvage value: EOY Depreciation Deduction. Unrecovered Investment 0 1 Your answer is partially correct. 2 $ $ 29,333.33 22814.81 $ $ 102,666.67 79851.81

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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Question

Use declining balance depreciation using a rate
ΕΟΥ Depreciation Deduction
0
1
2
3
4
5
6
7
8
9
$
$
LA
+A
$
$
LA
$
$
LA
$
$
$
29.333.33
22814.81
17744.86
13801.55
EA
$
$
$
LA
2677.39
10732.54 $
8349.09 $
6493.74 $
5050.68 $
Unrecovered Investment
$
102,666.67
7985181
62107.00
48305.44
37570.90
29221.81
22728.07
17677.39
15000.00
Carry all interim calculations to 5 decimal places and then round your final answer to the nearest dollar. The tolerance is ±10.

A small truck is purchased for $132,000. It is expected to be of use to the company for 9 years, after which it will be sold for $15,000.
Determine the depreciation deduction and the resulting unrecovered investment during each year of the asset's life.
Click here to access the TVM Factor Table Calculator
Part a
Part b
- Your answer is partially correct.
Use declining balance depreciation using a rate that ensures the book value equals the salvage value:
ΕΟΥ Depreciation Deduction
Unrecovered Investment
0
1
2
3
$
$
$
4 $
29,333.33
22814.81
17744.86
13801.55
10732.54
$
$
LA
$
$
$
102,666.67
79851.81
62107.00
48305.44

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