useful life for each year.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Accounting
I am tasked with finding the annual depreciation rate, and the useful life for each year.
The answers i've come up with are:
Can you lead me in the right direction or are my equations correct? I'm trying to make sense of these
numbers.
I currently have COVID19 so going to a local tutoring session is not an option at this time. thank you.
2006
2007
2008
2009
2010
2011
2012
2013 Ski
Annual Depreciation Rate 16.20%
16.32% 19.53% 16.50% 15.61% 15.28% 13.59% 1:1.40%
Years
Useful Life
2006
6.172531215
2007
6.128541448
2008
5.120792079
2009
6.060674157
2010
6.40583858
2011
6.542364017
2012
7.357409133
2013
7.462209302
Exhibit 14 Hertz Global Holdings, Inc. and Avis Budget Group, Inc. Revenue Earning Equipment Data ($ Millions)
2006
2007
2008
2009
2010
2011
2012
2013
Hortz Global Holdinor Inc](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc9346677-9f4d-49f2-986a-0f105134929f%2F8f4f0cbe-604a-4743-b3dc-46b33125551a%2Fn7y0n3_processed.png&w=3840&q=75)
Transcribed Image Text:Accounting
I am tasked with finding the annual depreciation rate, and the useful life for each year.
The answers i've come up with are:
Can you lead me in the right direction or are my equations correct? I'm trying to make sense of these
numbers.
I currently have COVID19 so going to a local tutoring session is not an option at this time. thank you.
2006
2007
2008
2009
2010
2011
2012
2013 Ski
Annual Depreciation Rate 16.20%
16.32% 19.53% 16.50% 15.61% 15.28% 13.59% 1:1.40%
Years
Useful Life
2006
6.172531215
2007
6.128541448
2008
5.120792079
2009
6.060674157
2010
6.40583858
2011
6.542364017
2012
7.357409133
2013
7.462209302
Exhibit 14 Hertz Global Holdings, Inc. and Avis Budget Group, Inc. Revenue Earning Equipment Data ($ Millions)
2006
2007
2008
2009
2010
2011
2012
2013
Hortz Global Holdinor Inc
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