Homework Answers
Double decline rate = 100/5*2 = 40%
| Double declining balance | |
| Year 1 | 260000*40% = 104000 |
| Year 2 | 260000*60%*40% = 62400 |
| Year 3 | 260000*60%*60%*40% = 37440 |
| Year 4 | 16160 |
| Year 5 | 0 |
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(2) Double-declining-balance depreciation (Leave no cells blankbe certain to enter "0" wherever required.) Do...
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Required information Exercise 8-9A Computing and recording straight-line versus double-declining balance depreciation LO 8. 2, 8-3 The following information applies to the questions displayed below.) At the beginning of Year 1. Copeland Drugstore purchased a new computer system for $52,000. It is expected to have a five-year life and a $7,000 salvage value. Exercise 8-9A Part a Required a. Compute the depreciation for each of the five years, assuming that the company uses (1) Straight line depreciation. Straight-Line depreciation (2)...
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