Im suppose to do straight line and double declining balance and unit of products. Here's the question suppose the altanta falcon purchased a new goal posts at 20,000 each.The falcons expect the goal posts to have a useful life of 5 years and have a salvage value of $1,000 each when they sell to a local high school. Compute the straight line and double declining balance . Compute the unit of product. I'm having trouble with straight line per year and 2010. The calculating with ddb and unit of product . Please help me

This question has been asked here before, but did you happen to notice the large notice at the head of this Board, please follow the links for homework help

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Originally Posted by paraclete

This question has been asked here before, but did you happen to notice the large notice at the head of this Board, please follow the links for homework help

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Yes I did but I'm trying to get a better understanding for the last part of the calculation

the double declining method uses the written down value in each year as the base so you start with cost-residual value in the first year. This is the base for all your calculations. The unit method requires you divide the residual value by the total estimated volume, etc

If you have further questions you might find the answers by referring to earlier answers of this problem