Question: Exercise 11-6 (Algo) Depreciation methods; solving for unknowns (LO11-2) For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are
Exercise 11-6 (Algo) Depreciation methods; solving for unknowns (LO11-2) For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight-line and DDB for double-declining balance. (Do not round intermediate calculations. Round your final answers to nearest whole dollar) Asset A B Residual Service Life Depreciation Depreciation Cost Value (Years) Method (Year 2 $ 175.000 $ 35.000 5 DDB $ 42,000 70.000 SL 6.000 95,000 11,000 7 SL 12.000 260,000 25.000 10 SL 23.500 215.000 35.000 8 DDB D E
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