KQuestion 9 (of 10) value: 1.20 points Exercise 11-5 Depreciation methods; solvi

Question

KQuestion 9 (of 10) value: 1.20 points Exercise 11-5 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. SYD for sum-of-the-years digits and DDB for double-declining balance Do not round intermediate calculations.) Residual Value (Years)Method (Year 2) S 39,000 Asset Cost DDB S51,000 7.000 9000 23.900 40.000 SYD intiges103,000 13,000 29,000 268,0001 219 000 39,000 10 81 150% DB ? e @u? ? @?.?

Explanation / Answer

Calculate missing amount :

Assets Cost residual value Service year life Depreciation expense Depreciation (year 2) A (51000*100/24) = 212500 39000 5 DDB 51000 B 40000 (7000*36/7-40000) = 4000 8 SYD 7000 C 103000 13000 (103000-13000/9000) = 10 SL 9000 D 268000 29000 10 SL 23900 E 219000 39000 8 150%DB 33363

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