I'm not sure with my answer(or not sure with what the estimated useful years in the formula will change, I thought it should be 16 after the change but someone disagreed with me)
Homework Answers
Calculate book value at December 31,2026
| Depreciation expense | |
| 2021 | 80000*20% = 16000 |
| 2022 | 80000*80%*20% = 12800 |
| 2023 | 10240 |
| 2024 | 8192 |
| 2025 | 32768*12.5% = 4096 |
| 2026 | 28672*12.5% = 3584 |
| Total | 54912 |
Book value at December 31,2016 = 80000-54912 = 25088
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