Answer:CURRENCY
Explanation:
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Answer:
$60,000
Explanation:
Double declining method is a depreciation method used to expense the cost of an asset.
Depreciation expense using the double declining method = Depreciation factor × cost of asset
Deprecation factor = 2 (1/useful life) = 2(1/8) = 1/4
Depreciation expense in 2016 = 0.25 × $320,000 = $80,000
Net book value = $320,000, - $80,000 = $240,000
Deprecation expense in 2017 = 0.25 x $240,000 = $60,000
I hope my answer helps you
<span>If it is unable to obtain any additional reserves, it must reduce deposits and money supply by $500 Million.
$50 Million x 10 = $500 Million.
(10% of $500 Million = $50 Million)</span>
Answer:
First Year Depreciation: 12,400
Second Year Depreciation: 7,440
Explanation:
![\left[\begin{array}{ccccc}Year&Beginning\:Book&Dep \:Expense&Acc\:Dep&Ending\:Book\\0&-&-&-&31000\\1&31000&12400&12400&18600\\2&18600&7440&19840&11160\\3&11160&4464&24304&6696\\4&6696&2678.4&26982.4&4017.6\\5&4017.6&2017.6&29000&2000\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccccc%7DYear%26Beginning%5C%3ABook%26Dep%20%5C%3AExpense%26Acc%5C%3ADep%26Ending%5C%3ABook%5C%5C0%26-%26-%26-%2631000%5C%5C1%2631000%2612400%2612400%2618600%5C%5C2%2618600%267440%2619840%2611160%5C%5C3%2611160%264464%2624304%266696%5C%5C4%266696%262678.4%2626982.4%264017.6%5C%5C5%264017.6%262017.6%2629000%262000%5Cend%7Barray%7D%5Cright%5D)
To calculate each period depreciation we multiply the book value by the double-declining rate of 2/5
At the last year, you will depreciate until salvage value is reached.
