Question: Calculate amortization for the first year (to the nearest dollar) for a capital asset which cost $11,500, has a $500 residual value, and a 10-year
Calculate amortization for the first year (to the nearest dollar) for a capital asset which cost $11,500, has a $500 residual value, and a 10-year estimated life under each of the amortization methods listed below. (a) Straight-line $_____________________. (b) Sum-of-the-years'-digits $_____________________. (c) Declining balance $_________________. (d) Productive output (where total potential output is 1,250 units and output for the year is 200 units) $_________________.
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