Question: please please please please open the comment box and please please answer the third row Brief Exercise 9.3 (Static) Straight-Line and Declining-Balance Depreciation (LO9-3) Messer
please please please please open the comment box and please please answer the third row
Brief Exercise 9.3 (Static) Straight-Line and Declining-Balance Depreciation (LO9-3) Messer Company purchased equipment for $24,000. The company is considering whether to determine annual depreciation using the straight-line method or the declining-balance method at 150 percent of the straight-line rate. Messer expects to use the equipment for 10 years, at the end of which it will have an estimated salvage value of $4,000. Prepare a comparison of these two alternatives for the first two years Messer will own the equipment. $ Straight-line depreciation 150% declining-balance depreciation Year 1 Year 2 2,000 $ 2.000 3,600 $ 3,060 $ Excess of declining-balance over straight-line Excess of straight-line over declining-balance
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