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Declining balance depreciation
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Declining balance depreciation On July 6, 2007, Bennington purchased new machinery with an estimated useful life of 10 years. Cost of the equipment was $50,000, with a residual value of $5,000. Compute the depreciation on this machinery in 2007 and 2008 using each of the following methods.
Double declining depreciation method
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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 $25,000. Calculate the declining dep expense and net book value for the 5 years. Strait-line dep rate= 1/5=20% Double dep rate = 40% ...
Declining balance depreciation method
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same question as before someone asked but I want to find out what is written in the last year (6th year) of the 200% declining balance depreciation method because it wasn't stated, for example machine was purchased on September 1st 2004 for 108000$ , estimated useful life 5 years, and residual... View more questions Search
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