Question: Okay so the questions needed. For Double Declining Balance and Sum of Years Digits will you get $0 for the the last year of depreciation?

Okay so the questions needed. For Double Declining Balance and Sum of Years Digits will you get $0 for the the last year of depreciation?

could someone please help me with this?

I just figured out how to make Sum of year correctly. DDB is ending with $0 still and have been so I think Im doing it right.

Years Digits will you get $0 for the the last year of

depreciation? could someone please help me with this? I just figured out

236 E Depreciation Calculation Problems 7 1. SL:6257000 - 20.560) -$33,777.145 yrs DDB :(257000). 2 = $73,428.57 1st year Fyrs SYD:7).(267,606 - 20500). $59,10 1st ye 236,440 28 DDB $61,190.48:2 $48,952.383 $36,714,24:4 $24,476.19:5 $12,238.09:6 10:1 1. Purchase price of tractor: $257,000 a. Salvage value: $20,560 b. Useful life: 7 years Calculate the periodic (yearly) depreciation for the tractor using: Straight line: $33,777.15 each year DDB: $73,428.58 first year SYD: $59,110 first year 236 E Depreciation Calculation Problems 1. SL: (257000 -20.560) -$33,777.145 7 yrs DDB :(257000). 2 $ 73,428.57 1st 7 -year 236,440 SYD:( 7 ).(267,000 - 20,560) - $59,10 1st yr 28 - Fyrs DDB - $61,190.48:2 $48,952.38;3 $36,714,29:4 #24,476.19:5 $12,238.09:6 10:1 SYD:50,665.71 : 2 42,221.43:3 33,777.14:4 125,332.86:5 16,868.57:6 8,444.29:7

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

CASESTUDY: Corwin Corporation By June 2003, Corwin Corporation had grown into a $950 million per year corpora- tion with an international reputation for manufacturing low-cost, high-quality rubber...

Could someone please check my work? Okay so the questions needed. For Double Declining Balance and Sum of Years Digits will you get $0 for the the last year of depreciation? I just figured out how to...

An engineering firm has decided it's time to get back into the office and purchases $100,000 in office furniture. They believe this furniture will last for 10 years and have no salvage value. Please...

Highlight/Bold the correct option (s): 1. Which of the following is NOT an example of corporate social responsibility? a. Providing one-day free health facilities by a local private hospital in...

Instructions: The general objectives of this activity are to develop proficiency in the Microsoft Excel spreadsheet, to calculate the depreciation charge for different depreciation methods, and to...

Need help, please (This wording may indicate that you intend to submit a tutor's work as your own.) I SAID NO NONONO No, I need help with Depreciation Analysis: Straight-Line Method versus Double...

Please help me understand how to figure out this problem. Problem 11 - 12 On January 1 , 2016 Novak Company , a small machine tool manufacturer , acquired for $ 2 450,000 a piece of new industrial...

5. NCC Exploration and Production is a joint venture of two partners, a Thai and a Burmese company. The company's principal business operations are exploration and production of silver in Thailand....

Hi there, I need help answering the following questions about math of finance 1- A machine costs $87,500 with estimated scrap value of $12,000 after 5 years. The asset is expected to increase revenue...

Strategic bargaining is focused on the rules of the game. However, in real-life situations the rules are not always clearly pronounced. This form of bargaining works best when all parties are sure...

Bio Engineering Inc. began operations on January 2, 2012, with the issuance of 250,000 shares of $80 par common stock . The sole stockholders of Bio Engineering Inc. are Jean Cushing and Dr. Louis...

What is the value of a call option at expiration?

A region bounded by the curve y=x +7,y=0, x=5 and x=0 rotated through 360 around x-axis. Sketch the diagram and calculate the volume of the region.

What are the benefits of battery operated metallic wristwatch? benefits of this invention in calming nerves and eliminate stress?

Sky Castle has been buying product Alhambra in lots of 1,200 units which represents a four months supply. The cost per unit is P220. The order cost is P200 per order; and the annual inventory...

Listening is more than just letting the other person talk. It must be Question 2 3 Select one: a . a passive, not an active, process. b . an impatient, not a patient, process. c . an reactive, not a...

What bases of power are associated with networking? Explain your answer.

According to the case, finding and obtaining mentors seems to be one of the goals of developing and maintaining a strong network. Explain why

What is the networking process and would Sheryl agree that this is the right process to follow?