Homework Answers
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|
A |
Cost |
$ 40,000.00 |
|
B |
Residual Value |
$ 8,000.00 |
|
C=A - B |
Depreciable base |
$ 32,000.00 |
|
D |
Life [in years] |
4 |
|
E=C/D |
Annual SLM depreciation |
$ 8,000.00 |
|
F=E/C |
SLM Rate |
25.00% |
|
G=F x 2 |
DDB Rate |
50.00% |
- Straight Line Depreciation Expense = $ 8,000
- Double Declining balance depreciation expense = $ 40000 x 50% = $ 20,000
- Activity based depreciation expense = ($ 32000 / 10000 hours) x
2200 hours = $7,040
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