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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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Major medical complexes and their service providers continue to move toward advanced health informatics - acquiring, managing, and using information to provide better healthcare. A new analyzer for researching and evaluating patient samples, and making informed recommendations in the treatment of complex blood cancers, is purchased for $225,000. It is estimated to have a useful life of 6 years and to be sold at the end of that time for $9,000. Part a Develop a table showing the depreciation and book value for each year using both the Excel® DDB worksheet function and the Excel® SLN worksheet function such that the depreciation switches from double declining balance to straight-line at the optimum time. Year Depreciation Book Value 1 $ 2 2$ $ 4 2$ 6 2$ Carry all interim calculations to 5 decimal places and then round your final answers to 2 decimal places. The tolerance is +2.00.
Transcribed Image Text:Major medical complexes and their service providers continue to move toward advanced health informatics - acquiring, managing, and using information to provide better healthcare. A new analyzer for researching and evaluating patient samples, and making informed recommendations in the treatment of complex blood cancers, is purchased for $225,000. It is estimated to have a useful life of 6 years and to be sold at the end of that time for $9,000. Part a Develop a table showing the depreciation and book value for each year using both the Excel® DDB worksheet function and the Excel® SLN worksheet function such that the depreciation switches from double declining balance to straight-line at the optimum time. Year Depreciation Book Value 1 $ 2 2$ $ 4 2$ 6 2$ Carry all interim calculations to 5 decimal places and then round your final answers to 2 decimal places. The tolerance is +2.00.
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