Question

5- Which function reflects the double-declining balance method? Group of answer choices =ddb() =db() =vdb() =sln() =syd(...

5-

Which function reflects the double-declining balance method?

Group of answer choices

=ddb()

=db()

=vdb()

=sln()

=syd()

1 0
Add a comment Improve this question Transcribed image text
Answer #1

Correct answer is Option A = ddb()

Along with parameters

=DDB (cost, salvage, life, period, [factor])

Add a comment
Know the answer?
Add Answer to:
5- Which function reflects the double-declining balance method? Group of answer choices =ddb() =db() =vdb() =sln() =syd(...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Exercise 12-29 Value of Accelerated Depreciation: Sum-of-Years'-Digits (SYD) and Double Declining. Balance (DDB) Methods (LO 12-3)...

    Exercise 12-29 Value of Accelerated Depreciation: Sum-of-Years'-Digits (SYD) and Double Declining. Balance (DDB) Methods (LO 12-3) Freedom Corporation acquired a fixed asset for $100,000. Its estimated life at time of purchase was 4 years, with no estimated salvage value. Assume a discount rate of 8% and an income tax rate of 40%. (Use Exhibit 124. Appendix C. TABLE 1 and Appendix C. TABLE 2) Required: 1. What is the incremental present value of the tax benefits resulting from calculating depreciation...

  • P11-11. (Depreciation for Partial Periods—SL, Act., SYD, and DDB) (LO 1, 2) On January 1, 2015,...

    P11-11. (Depreciation for Partial Periods—SL, Act., SYD, and DDB) (LO 1, 2) On January 1, 2015, a machine was purchased for $90,000. The machine has an estimated salvage value of $6,000 and an estimated useful life of 5 years. The machine can operate for 100,000 hours before it needs to be replaced. The company closed its books on December 31 and operates the machine as follows: 2015, 20,000 hours; 2016, 25,000 hours; 2017, 15,000 hours; 2018, 30,000 hours; and 2019,...

  • Hello, I need a help with the following question. Compute Double Declining Balance Depreciation. The company...

    Hello, I need a help with the following question. Compute Double Declining Balance Depreciation. The company reported: The machine costs $75,000, and its estimated useful life is 5 years, after which the expected salvage value is $5,000. Compute depreciation expense and accumulated depreciation for each year using double declining balance. I calculated myself for the 5 years, but the 5th year number is larger than the salvage value. So please, show how you calculate DDB for the 5 years. To...

  • If Quick Company used Double Declining Balance (DDB) depreciation method instead of straight-line, calculate the following:...

    If Quick Company used Double Declining Balance (DDB) depreciation method instead of straight-line, calculate the following: Depreciation expense each year Accumulated depreciation each year Net book value each year Impairment loss (if any) at the end of year 4 Comparing the impairment loss in d) with the impairment loss we calculated in class under the straight-line method, discuss the implication. Quick Company acquired a piece of equipment in Year 1 at a cost of $100,000. The equipment has a 10-year...

  • If Quick Company used Double Declining Balance (DDB) depreciation method instead of straight-line, calculate the following:...

    If Quick Company used Double Declining Balance (DDB) depreciation method instead of straight-line, calculate the following: Depreciation expense each year Accumulated depreciation each year Net book value each year Impairment loss (if any) at the end of year 4 Comparing the impairment loss in d) with the impairment loss we calculated in class under the straight-line method, discuss the implication. Quick Company acquired a piece of equipment in Year 1 at a cost of $100,000. The equipment has a 10-year...

  • P11-1 (Depreciation for Partial Period—SL, SYD, and DDB) Alladin Company purchased Machine #201 on May 1,...

    P11-1 (Depreciation for Partial Period—SL, SYD, and DDB) Alladin Company purchased Machine #201 on May 1, 2014. The following information relating to Machine #201 was gathered at the end of May. Price $85,000 Credit terms 2/10, n/30 Freight-in $ 800 Preparation and installation costs $ 3,800 Labor costs during regular production operations $10,500 It is expected that the machine could be used for 10 years, after which the salvage value would be zero. Alladin intends to use the machine for...

  • Hoip Stve & Exit Subn 13. Which of the answer choices is/are TRUE about BOTH the...

    Hoip Stve & Exit Subn 13. Which of the answer choices is/are TRUE about BOTH the straight-line depreciation method and the double -decining balance depreciation method Multiple Choice Both produce the same book value at that end of each year None of the other 4 answer choices is correct (Le. None of the other 4 answer choices is True about Both the straight-line depreciation method and the double-declining-balance depreciation method Both produce the same depreciation expense each year The stralight-line...

  • BHULYAN QUICK-PRINT, INC. Printing Press Depreciation Schedule • Double-Declining-Balance Method Cost of Asset: $340,000 Salvage Value:...

    BHULYAN QUICK-PRINT, INC. Printing Press Depreciation Schedule • Double-Declining-Balance Method Cost of Asset: $340,000 Salvage Value: $35,000 Length of Service (yrs): 8 Annual Double-Declining-Balance Rate: Double-Declining Years (DB) 1 2 3 4 5 Annual Depreciation Cumulative Depreciation End-of-Year Book Value Directions: a. In Cell C7 Calculate the Annual Double-Declining Balance Rate. b. Enter a Double-Declining Balance formula in cell B10 to calculate the Annual Depreciation. c. Copy this formula across to Column F. d. In Cell B11, enter the formula...

  • The following table demonstrates the double-declining balance method for the same asset. The depreciation rate is...

    The following table demonstrates the double-declining balance method for the same asset. The depreciation rate is equal to double the depreciation rate for the straight-line method. The annual depreciation in the straight-line method is $2,000. Therefore the depreciation rate is $2,000 divided by $10,000, which is 20%. In the double-declining balance method this rate is doubled to 40%. Fill up the blanks. Year Book value (start of year) Depreciation Rate Depreciation expense Accumulated  Depreciation Book value (year end) 1 10000 40%...

  • just ans 7. SR 40,000 is invested in a project that gives annual returns of SR...

    just ans 7. SR 40,000 is invested in a project that gives annual returns of SR 12,000 for 10 years. If MARR is 10% per year. ERR is closest to which of the following: (unit: %) a) 16.94 b) 18.18 c) 16.13 d) 20.35 Question 2 (16 marks): (CLO2: 40%, CLO3: 60%) 8. The depreciation allowance for year 11 of an asset with a 20-year useful life is 3,000. If the salvage value was estimated to be SR 2,000 and...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT