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
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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.) X Answer is complete but not entirely correct. Residual Service Life (Years) Asset A Cost $ 100,000 56,000 Value $ 28,000 28,743 X 6,000 Depreciation Method DDB SL SL SL Depreciation (Year 2) $ 24,000 5,300 5,000 c 8 15 81,000 246,000 10 22,800 18,000 28,000 208,000 DDB 31,688 X
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