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For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight-line and DDB for double-declining-balance. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Asset A B C D E Cost Residual Value $ 33,000 66,000 91,000 256,000 213,000 7,000 23,000 33,000 Service Life Depreciation (Years) Method 5 8 10 8 Depreciation (Year 2) DDB $ SL SL DDB 42,000 5,800 12,000 23,300

For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight-line and DDB for double-declining-balance. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Asset A B C D E Cost Residual Value $ 33,000 66,000 91,000 256,000 213,000 7,000 23,000 33,000 Service Life Depreciation (Years) Method 5 8 10 8 Depreciation (Year 2) DDB $ SL SL DDB 42,000 5,800 12,000 23,300

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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For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight-line and DDB for double-declining-balance. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Asset A B C D E Cost Residual Value $ 33,000 66,000 91,000 256,000 213.000 7,000 23,000 33,000 Service Life Depreciation (Years) Method 5 8 10 8 DDB SL SL DDB Depreciation (Year 2) $ 42,000 5,800 12.000 23,300
Transcribed Image Text:For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight-line and DDB for double-declining-balance. Note: Do not round intermediate calculations. Round your final answers to nearest whole dollar. Asset A B C D E Cost Residual Value $ 33,000 66,000 91,000 256,000 213.000 7,000 23,000 33,000 Service Life Depreciation (Years) Method 5 8 10 8 DDB SL SL DDB Depreciation (Year 2) $ 42,000 5,800 12.000 23,300
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