Use the sum-of-the-years'-digits depreciation method to make a depreciation schedule (first two years) for a forklift that cost $31,000, has an expected useful life of ten years, and has a residual value of $2,600. Complete the following table for two years. Enter the depreciation rate as a fraction. Enter annual depreciation, accumulated depreciation, and end-of-year book value as decimals rounded to the nearest cent. Year Depreciation rate Annual depreciation Accumulated depreciation End-of-year book value 1 enter your response here $enter your response here $enter your response here $enter your response here Part 2
Use the sum-of-the-years'-digits depreciation method to make a depreciation schedule (first two years) for a forklift that cost $31,000, has an expected useful life of ten years, and has a residual value of $2,600. Complete the following table for two years. Enter the depreciation rate as a fraction. Enter annual depreciation, accumulated depreciation, and end-of-year book value as decimals rounded to the nearest cent. Year Depreciation rate Annual depreciation Accumulated depreciation End-of-year book value 1 enter your response here $enter your response here $enter your response here $enter your response here Part 2
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Use the sum-of-the-years'-digits
Complete the following table for two years. Enter the depreciation rate as a fraction. Enter annual depreciation, accumulated depreciation, and end-of-year book value as decimals rounded to the nearest cent.
|
Year
|
Depreciation rate
|
Annual depreciation
|
Accumulated depreciation
|
End-of-year book value
|
|
|---|---|---|---|---|---|
|
1
|
enter your response here
|
$enter your response here
|
$enter your response here
|
$enter your response here
|
|
Part 2
|
2
|
enter your response here
|
$enter your response here
|
$enter your response here
|
$enter your response here
|
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