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-   -   200% Declining-Balance Method 1/2 year conv (https://www.askmehelpdesk.com/showthread.php?t=136083)

  • Oct 1, 2007, 08:12 PM
    mgoudy40
    200% Declining-Balance Method 1/2 year conv
    Hello,
    can you please help me with the answer to the question below. I'm looking for the
    1) depreciation expense 2)accumulated depreciation 3)book value

    compute depreciation expense for the years 2007 through 2010 under each depreciation method listed below:
    Straight-line, with fractional years rounded to the nearest whole month.
    200 percent declining-balance, using the half-year convention.
    150 percent declining-balance, using the half-year convention.

    here's the detail
    davidson, DDS, purchased new furniture for its store on May 1, 2007. The furniture is expected to have a 10-year life and no residual value. The following expenditures were associated with the purchase:

    cost of furniture 11,000
    freight charges 375
    sales taxes 550
    installation of furniture 75
    cost of repair of furniture

    thank you

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