Search the web... Google Chrome ?week 1:PracticeProble × Q fnarcial accounting f
ID: 2403742 • Letter: S
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Search the web... Google Chrome ?week 1:PracticeProble × Q fnarcial accounting fnd Fil @ MHE eBook. Price, Colege | + ? Week 1 Practice Problems Help Se 2 value of $43,000 Prepare a schedule showing the annual depreciation and end-of year accumulated depreciation for the first three years of the asset lfe under the straight-ine method, the sum-of-the-years'-digits method, and the double-declining-balance method Analyze If the double-declining balance method is used to compute depreciation, what would be the book value of the asset at the end of 25 20202 Complete this question by entering your answers in the tabs below. Straight Line Sum of YearDouble Analye Digits Prepare a schedule showing the annual depreciation and end-of-year accumulated depreciation for the first three years of the asset's ife under the double-declining-balanpe method. (Kound your Depreciation rate to 2 decimal places Le. 50% should be DOUBLE DECLINING BALANCE METHOD Beginning 2020 2021 ? Sum of Year Digits Analyce ipExplanation / Answer
Double declining method
Straight line rate of depreciation
1/4
25%
double declining rate
.25*2
50%
Year
Book value of machine
Double declining rate
annual depreciation
Accumulated depreciation
2019
633000
50%
316500
316500
2020
316500
50%
158250
474750
2021
158250
50%
79125
553875
Double declining method
Straight line rate of depreciation
1/4
25%
double declining rate
.25*2
50%
Year
Book value of machine
Double declining rate
annual depreciation
Accumulated depreciation
2019
633000
50%
316500
316500
2020
316500
50%
158250
474750
2021
158250
50%
79125
553875
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