Computing Double-Declining-Balance Depreciation DeFond Company purchased equipment for $150,000. For each of the following sets of...

Transcribed Image Text:

Computing Double-Declining-Balance Depreciation DeFond Company purchased equipment for $150,000. For each of the following sets of assumptions, prepare a depreciation schedule (all years) for this equipment assuming that DeFond uses the double-declining-balance depreciation method. Useful life Residual Value a. Four years $24,000 b. Five years $9,000 с. Ten years $3,000 Round answers to the nearest whole number. Use rounded answers for subsequent calculations. Four Years Five Years Ten Years a. Year Book Value Depreciation Expense 1 $ 2 3 4 Round answers to the nearest whole number. Use rounded answers for subsequent calculations. Four Years Five Years Ten Years b. Year Book Value Depreciation Expense $ $ 3 4 Round answers to the nearest whole number. Use rounded answers for subsequent calculations. Four Years Five Years Ten Years C. Year Book Value Depreciation Expense $ 2 3 4 6. 7 8. 9. 10 1, Computing Double-Declining-Balance Depreciation DeFond Company purchased equipment for $150,000. For each of the following sets of assumptions, prepare a depreciation schedule (all years) for this equipment assuming that DeFond uses the double-declining-balance depreciation method. Useful life Residual Value a. Four years $24,000 b. Five years $9,000 с. Ten years $3,000 Round answers to the nearest whole number. Use rounded answers for subsequent calculations. Four Years Five Years Ten Years a. Year Book Value Depreciation Expense 1 $ 2 3 4 Round answers to the nearest whole number. Use rounded answers for subsequent calculations. Four Years Five Years Ten Years b. Year Book Value Depreciation Expense $ $ 3 4 Round answers to the nearest whole number. Use rounded answers for subsequent calculations. Four Years Five Years Ten Years C. Year Book Value Depreciation Expense $ 2 3 4 6. 7 8. 9. 10 1,

Answer rating: 100% (QA)

Answer As per given Conditions A E Solution Double declining balance method 3 For four years Depreci... View the full answer