Calculate the annual depreciation allowances and end-of-the-year book values for

Question

Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Do not round intermediate calculations. Leave no cells blank. Enter "0" when necessary.)

  

Required:

Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Do not round intermediate calculations. Leave no cells blank. Enter "0" when necessary.)

Property Class Year 3-Year 5-Year 7-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 2 3 4 33.33% 44.45 14.81 7.41 2000% 32.00 19.20 11.52 11.52 5.76 6 7 8

Explanation / Answer

Year Beginning Book value Rate Depreciaiton allowance[1070000*Rate] Ending Book value [book value at beginning-Depreciaiton] 1 1070000 14.29 152903 917097   2 917097 24.49 262043 655054 3 655054 17.49 187143 467911 4 467911 12.49 133643 334268 5 334268 8.93 95551 238717 6 238717 8.92 95444 143273 7 143273 8.93 95551 47722 8 47722 4.46 47722 0

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