URGENTTT URGENT URGENT PLEAE SOLVE
Homework Answers
Solution:
SL amortization rate * DDB rate multiplier = DDB rate
20%*2 = 40%
| Double Declining Balance Method | ||||||
| End of period | ||||||
| Date | Asset Cost | DDB Rate | Book Value | Amortization Expense | Accumulated Amortization | Asset Book Value |
| 01-Jan-15 | 60000 | |||||
| 31-Dec-15 | 40.00% | 60000 | 24000 | 24000 | 36000 | |
| 31-Dec-16 | 40.00% | 36000 | 14400 | 38400 | 21600 | |
| 31-Dec-17 | 40.00% | 21600 | 8640 | 47040 | 12960 | |
| 31-Dec-18 | 40.00% | 12960 | 5184 | 52224 | 7776 | |
| 31-Dec-19 | 7776 | 1776 | 54000 | 6000 | ||
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