EX 10-9 Depreciation by two methodsOBJ.2A computer system acquired on January 1 at a cost of $35,000 has an estimated useful lifeof five years. Assuming that it will have no residual value, determine the depreciation foreach of the first two years (a) by the straight-line method and (b) by the double-declining.balance method. EstimatedResidualDuringYearUsefulited to the of each for the milesof YearValue baunleps Lifemo 250,000 miles000sTruck21,000 milesCostNo.$14,40033,500000'08$000ʻds000'9niub 300,000lsh006'0L60,140000'22,500000'0025,2002.006ʻ7L000ʻ0622,800240,0003.00a. Determine for each truck the depreciation rate per mile and the amount to be coperated during the current year.b. Journalize the entry on December 31 to record depreciation for the year.hnimisiEX 10-9 Depreciation by two methodsgbsg bnsA computer system acquired on January 1 at a cost of $35,000 has an estimated useful lifeof five years. Assuming that it will have no residual value, determine the depreciation foreach of the first two years (a) by the straight-line method and (b) by the double-declining-balance method.OBJ. 2ai bluodeHOMA storage tank acquired at the beginning of the fiscal year at a cost of $61,000 has anEX 10-10 Depreciation by two methodsCOwbsOBJ. 2WE HOMestimated residual value of $9,000 and an estimated useful life of 20 years. Determine thefollowing: (a) the amount of annual depreciation by the straight-line method and (b) theamount of depreciation for the first and second years computed by the double-declining-balance method.

Name: EX 10-9 Depreciation by two methodsOBJ.2A computer system acquired on
Uploaded: 2024-03-05T11:50:36.000Z
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Description: EX 10-9 Depreciation by two methodsOBJ.2A computer system acquired on January 1 at a cost of $35,000 has an estimated useful lifeof five years. Assuming that it will have no residual value, determine the depreciation foreach of the first two years (a