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natta225 [31]
4 years ago
13

A company purchased a computer system at a cost of $25,000. The estimated useful life is 6 years, and the estimated residual val

ue is $8,000. Assuming the company uses the double-declining-balance method, what is the depreciation expense for the second year
Business
1 answer:
Alenkinab [10]4 years ago
5 0

Answer:

$5,102

Explanation:

Double declining Method

Cost $ 25,000

B Residual Value $2,000

C = A - B Depreciable base $23,000

D Life [in years] 7

E = C/D Annual SLM depreciation $3,286

F = E/C SLM Rate 14.29%

G = F x 2 DDB Rate 28.57%

.

Depreciation schedule-Double declining

Year Beginning Book Value Depreciation rate Depreciation expense Accumulated Depreciation Ending Book Value

1 $25,000 , 28.57%, $7,143 , $7,143 $17,857

2 $17,857, 28.57%, $ 5,102 , $ 12,245, $12,755

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3 years ago
A market for existing financial securities that are currently traded among investors is called the ________ market. super fundam
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2 years ago
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Answer:

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