For its fabricated metal products, the Able Corp is buying $10,000 of special tools that have a 4 year useful life and no salvage value Compute the depreciation charge for the second year by each of the following methods (a) DDB (b) Sum of years ' digits (c) Modified accelerated cost recovery syste...

a DDB Year DDB 1 2410000 0 5000 2 24100005000 ...

For its fabricated metal products, the Able Corp. is buying $10,000 of special tools that have a

Question:

For its fabricated metal products, the Able Corp. is buying $10,000 of special tools that have a 4-year useful life and no . Compute the depreciation charge for the second year by each of the following methods:
(a) DDB.
(b) Sum-of -years' -digits.
(c) Modified accelerated cost recovery system. Salvage Value
Salvage value is the estimated book value of an asset after depreciation is complete, based on what a company expects to receive in exchange for the asset at the end of its useful life. As such, an asset’s estimated salvage value is an important...