4 Complete the following chart using a X% rate of depreciation.Year0123st4X=DepreciationCharge(for the year)AccumulatedDepreciation Book Value125,00010 %Try AgainTry AgainTry AgainTry Again

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Description: 4 Complete the following chart using a X% rate of depreciation.Year0123st4X=DepreciationCharge(for the year)AccumulatedDepreciation Book Value125,00010 %Try AgainTry AgainTry AgainTry Again

Depreciation :— It is the allocation of depreciable cost over the useful life of asset.…

Business

Accounting

4 Complete the following chart using a X% rate of depreciation. Year 0 1 2 3 st 4 X= Depreciation Charge (for the year) N 10 % Accumulated Depreciation Book Value 125,000 Try Again Try Again Try Again Try Again

4 Complete the following chart using a X% rate of depreciation. Year 0 1 2 3 st 4 X= Depreciation Charge (for the year) N 10 % Accumulated Depreciation Book Value 125,000 Try Again Try Again Try Again Try Again

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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D. Double Declining Method Problem: Determine the rate of depreciation, the total depreciation up to end of the 8th year, and the book value at the end of 8 years for an asset that costs P15,000 now and has an estimated scrap value of P2,000 at the end of 10 years by (a) declining balance method and (b) the double declining balance method. (Make a table in Microsoft Excel)
Answer, box the final answer use Pesos sign symbol
Please do not give solution in image format thanku
Please do not give solution in image format thanku
Hello, I am needing help with answering question 2 and final question #1.
5. A company buys an asset with a cost of $96,000. They decide on a 6-year useful life and a $6,000 salvage value. What is the MONTHLY depreciation using straight line depreciation?
xyz company has equipment that cost 100000. after 8 years it will have a salvage value of 18000. using the double declining balance method find the depreciation charge in the 4th year
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery period (years) 5 Elapsed time since purchase (years) 2 Asset A Installed cost $839,000 The remaining book value is $ (Round to the nearest dollar.) Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Recovery year 1 2 3 4 5 6 7 8 3 years 33% 45% 15% 7% 9 10 11 Totals Percentage by recovery year* 5 years 7 years 20% 14% 32% 19% 12% 12% 5% 25% 18% 12% 9% 8% 7% 6% 6% 6% 4% 100% 100% 100% 100% *These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%) depreciation using the half-year 10 years 10% 18%…
Cost of an x-ray machine is 1.5M pesos that has a useful life of 10 years, salvage value of 20,000 pesos. Find the 5th year depreciation using double declining balance method need answer asap
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