\'Q. ?? v2.cengagenow.com/ilm/takeAssignm nmentMain.do?invoker 80% Chapter 9 Hom

Question

'Q. ?? v2.cengagenow.com/ilm/takeAssignm nmentMain.do?invoker 80% Chapter 9 Homework f. EX 09-06 2 EX09-07 Algo 3. EX09-09 Algo 4. EX09-11 Algo 5. EX09-12 A1go 6. EX09-17.Guided AO . PR 09-02 Guided Algo eBook Show Me How Calaulator Depreciation by Two Methods A Kubota tractor acquired on January 9 at a cost of $153.000 has an astimated useful life of ten years. Assuming that it will have no residual value. a. Determine the depreciation for each of the first two years by the straight-line method. b. Determine the depraciation for each of the firat two years by the double-ded ining-balance mathod. Do not round the double-declining balanca rate. If required, round your final answar to the neorest dollar Check My Work Previous Next Progress: 3/7 Items Assignment Score: 14.29% All work saved. Save and Exit Subrmit Assignment for Grading AM 6 4/20/2018 EN

Explanation / Answer

a) Straight line dep :

Depreciation expense = 153000/10 = 15300 per year

First year dep = 15300

Second year dep = 15300

b) Double decline balance dep :

Straight line rate = 100/10 = 10%

Double decline rate = 10%*2 = 20%

First year dep = 153000*20% = 30600

Second year dep = 153000*80%*20% = 24480

Related Questions

Navigate

• Browse (All)
• Browse #
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.