Machine 1 costs X, has a salvage value of X/8, and is to be depreciated over 10 years using declining balance method. Machine 2 costs Y, has a salvage value of X/8, and is depreciated over 10 years using the SOYD method. The total amount of the depreciation in the first seven years for Machine 1 is equal to the total amount of depreciation in the first seven years for Machine 2. Calculate the value of Y/X. (EXPRESS YOUR ANSWER IN 4 DECIMAL PLACE). "ANSWER: 0.9856

Machine 1 costs X, has a salvage value of X/8, and is to be depreciated over 10 years using declining balance method. Machine 2 costs Y, has a salvage value of X/8, and is depreciated over 10 years using the SOYD method. The total amount of the depreciation in the first seven years for Machine 1 is equal to the total amount of depreciation in the first seven years for Machine 2. Calculate the value of Y/X. (EXPRESS YOUR ANSWER IN 4 DECIMAL PLACE). "ANSWER: 0.9856

Name: Machine 1 costs X, has a salvage value of X/8, and is to be depreciat
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Description: Machine 1 costs X, has a salvage value of X/8, and is to be depreciated over 10 years using decliningbalance method. Machine 2 costs Y, has a salvage value of X/8, and is depreciated over 10 years usingthe SOYD method. The total amount of the deprec

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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