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First cost Book depreciation life MACRS property class Salvage value n 1 2345678 A $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $0 B $22,857 $16,327 $11,661 $5,154 $0 $0 $0 $0 $80,000 7 years 7 years $24,000 C $11,429 $19,592 $13,994 $9,996 $7,140 $7,140 $7,140 $3,570 D $22,8 $16,3 $11,6 $8,33 $6,94 $6,94 $6,94 $0

First cost Book depreciation life MACRS property class Salvage value n 1 2345678 A $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $0 B $22,857 $16,327 $11,661 $5,154 $0 $0 $0 $0 $80,000 7 years 7 years $24,000 C $11,429 $19,592 $13,994 $9,996 $7,140 $7,140 $7,140 $3,570 D $22,8 $16,3 $11,6 $8,33 $6,94 $6,94 $6,94 $0

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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2d

First cost Book depreciation life MACRS property class Salvage value n 1 انان ادارادادام 2 3 4 5 6 7 8 A $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $0 B $22,857 $16,327 $11,661 $5,154 $0 $0 $0 $0 $80,000 7 years 7 years $24,000 C $11,429 $19,592 $13,994 $9,996 $7,140 $7,140 $7,140 $3,570 D $22,8 $16,3 $11, $8,33 $6,94 $6,94 $6,94 $0
Transcribed Image Text:First cost Book depreciation life MACRS property class Salvage value n 1 انان ادارادادام 2 3 4 5 6 7 8 A $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $0 B $22,857 $16,327 $11,661 $5,154 $0 $0 $0 $0 $80,000 7 years 7 years $24,000 C $11,429 $19,592 $13,994 $9,996 $7,140 $7,140 $7,140 $3,570 D $22,8 $16,3 $11, $8,33 $6,94 $6,94 $6,94 $0
Problem 2.d: which of the depreciation schedules uses the double-declining-balance depreciation method? (P.S: the asset was scraped before it is fully depreciated under double-declined balance method) U U U B A D с
Transcribed Image Text:Problem 2.d: which of the depreciation schedules uses the double-declining-balance depreciation method? (P.S: the asset was scraped before it is fully depreciated under double-declined balance method) U U U B A D с
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