Asset Cost Residual Value For each of the following depreciable assets, determine the missing amount (?)....

 

Transcribed Image Text:

Asset Cost Residual Value For each of the following depreciable assets, determine the missing amount (?). Abbreviations for depreciation methods are SL for straight-line, SYD for sum-of-the-years' digits, and DDB for double-declining balance. Service Life (Years) Depreciation (Year 2) Depreciation Method ABCDE ? $ 20,000 $ 40,000 ? 65,000 5,000 230,000 10,000 10 200,000 20,000 58208 DDB SYD $ 24,000 7,000 ? SL 6,000 ? 22,000 150%DB ? Asset Cost Residual Value For each of the following depreciable assets, determine the missing amount (?). Abbreviations for depreciation methods are SL for straight-line, SYD for sum-of-the-years' digits, and DDB for double-declining balance. Service Life (Years) Depreciation (Year 2) Depreciation Method ABCDE ? $ 20,000 $ 40,000 ? 65,000 5,000 230,000 10,000 10 200,000 20,000 58208 DDB SYD $ 24,000 7,000 ? SL 6,000 ? 22,000 150%DB ?

Answer rating: 100% (QA)

Lets calculate the missing amounts for each depreciable asset For Asset A Cost Residual Value 20000 ... View the full answer