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allochka39001 [22]
3 years ago
6

The double-declining-balance rate for calculating depreciation expense is determined by doubling the straight-line rate. Assumin

g that an asset has a useful life of 25 years, determine the rate to be used if using the double-declining-balance method
Business
1 answer:
Rudik [331]3 years ago
3 0

Answer:

the  depreciation rate in cash when the double-declining method should be used is 8%

Explanation:

The computation of the depreciation rate in cash when the double-declining method should be used is given below:

= 1 ÷ useful life × 2

= 1 ÷ 25 × 2

= 0.08

= 8%

Hence, the  depreciation rate in cash when the double-declining method should be used is 8%

The same should be relevant and considered too

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Answer:

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Explanation:

Giving the following information:

You are thinking of purchasing a home. The house costs $300,000. You have $43,000 in cash that you can use as a down payment on the house, but you need to borrow the rest of the purchase price. The bank is offering a 30-year mortgage that requires annual payments and has an interest rate of 6% per year.

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