ACC305 Wk 5 E11 5 (page 599) and E11 10 (page 600)
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E11-5 (page 599) - Depreciation methods; solving for unknowns ? LO2
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.
Exercise 11-5
Asset A:
Straight-line rate is 20% (1 5 years) x 2 40% DDB rate
24,000
60,000 Book value at the beginning of year 2
.40
Cost - (Cost x 40%) 60,000
.60Cost 60,000
Cost 100,000
Asset B:
Sum-of-the-years' digits is 36 {[8 (8 1)]2}
(40,000 - residual) x 7/36 7,000
280,000 - 7residual
-------------------------- 7,000
36
280,000 - 7residual 252,000
7residual 28,000
Residual 4,000
Asset C:
...
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