Business mathematics chapter 17 depreciation

CHAPTER 17 . DEPRECIATION Complete Exercises 18-23 as they relate to the declining-balance method of depreciation. Round to the nearest hundredth of a percent when necessary. Useful Life Straight-Line Declining-Balance Multiple (%) Rate (%) ( Years) Rate (%) 33.34 18. 16.67 200 19. 10 150 20. 4 200 21. 8 150 22. 3 150 23. 20 200 24. Some trucks purchased by a U-Haul franchise should last 7-years. The purchase price was $175,000. Shipping costs were $5,000. The trade-in (salvage value) is $20,000. Prepare a depre- ciation schedule by using the double-declining-balance method for the trucks. CEL2 U-Haul Double-Declining-Balance Depreciation Schedule Truck Fleet End of Beginning Depreciation Depreciation Accumulated Ending Year Book Value Rate for the Year* Depreciation Book Balance JaUAWNA 111