Ask Experts Questions for FREE Help !
Ask
    Staci0115's Avatar
    Staci0115 Posts: 12, Reputation: 1
    New Member
    		  
    #1

    Nov 19, 2008, 02:10 PM
    Double declining method
    Please see attached!
    Attached Files
  1. File Type: txt Chapter 7 #25.txt (1.3 KB, 142 views)
    2. pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #2

    Dec 5, 2008, 05:26 AM

    Year 4 Depreciation Expense is $1,776 because you can only take the Depreciation Expense down to your Salvage Value. IN other words you cannot go lower than your salvage value.

    Year 5 Depreciation is $0 for the reason above. You are at the salvage vale at the end of year 4.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Double declining method [ 1 Answers ]

I hope someone can help me.  I have tried to do this problem but I am not being very successful. Here it is... Based on the following information prepare a table that shows the depreciation expense for each year using the double declining method:computer equipment cost      $36,000 Estimatied...

Double declining depreciation method [ 1 Answers ]

Please help with this problem I can not seem to get it right. BJM bought a truck for $100,000, its useful life is 5 years and an estimated salvage rate of $25,000. Calculate the declining dep expense and net book value for the 5 years. Strait-line dep rate= 1/5=20% Double dep rate = 40% ...

Double declining [ 1 Answers ]

What's depreciation using double declining?

View more questions Search