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netineya [11]
2 years ago
9

Revision of Depreciation

Business
1 answer:
alexgriva [62]2 years ago
3 0
  1. The annual depreciation expense is $17,000.
  2. The book value at the end of the twentieth year of use is $425,000.
  3. The depreciation expense for each of the remaining 20 years is $20,000.
<h3>What is the annual depreciation expense?
</h3>

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

Annual depreciation = ($765,000 - $153,000) / 36 = $17,000

Book value in the 20th year = cost of the asset - accumulated depreciation

765,000 - (17,000 x 20) = $425,000

Depreciation expense for each of the 20 years = (book value - new residual value) / new useful life

(425,000 - $25,000) / 20 = $20,000

To learn more about straight line depreciation, please check: brainly.com/question/6982430

#SPJ1

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MrMuchimi

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7 0
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Ilia_Sergeevich [38]

Answer:

True

Explanation:

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3 years ago
Boulderado has come up with a new composite snowboard. Development will take Boulderado four years and cost $250,000 per year, w
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Answer:

a) 13.704%

b) 3.704%

Explanation:

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<u>a) calculate the IRR for the snow board </u>

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