Using the double declining balance method, Determine the yearly amortization of a car costing $45000 with a residual value of $4000. The car has an estimated life of 10 years and was purchased on July 1st. Include the yearly amortization of the asset for the 10 years.

An equipment costing P220,000 has an estimated life of 14 years with a book value of P30,000 at the end of the period. Compute the depreciation charge and its book value after 10 years using: a. straight-line method b. sinking fund method c. declining balance method d. sum of year's digit method

An asset is purchased for $90,000. It is expected to have a useful life of six years and a salvage value of $18,000 at the end of its useful life. Find the BV at the end of the second year using the SL method.

An asset with a purchase price of $501,013 falls in the 3-year MACRS asset class.  The asset will be sold at the end of a three year project for $180,745.  What is the book value of the asset at the end of the project? Round your answer to the nearest dollar. Year Depreciable Allowance 1 33% 2 45 3 15 4 7

You have bought an asset which costs $15,000. You depreciate it using the Straight Line Depreciation method. If salvage value for the asset is $3,000, and the asset’s useful life is 3 years, what is the annual depreciation?

An asset costs $290,000 and is classified as a ten-year asset. What is the annual depreciation expense for the first three years under the straight-line and the modified accelerated cost recovery systems of depreciation? Be sure to apply the half-year convention to straight-line depreciation. Use Exhibit 9.4 to answer the question. Round your answers to the nearest dollar. Straight-line depreciation:   Year Depreciation expense 1 $   2 $   3 $     Accelerated cost recovery system of depreciation:   Year Depreciation expense 1 $   2 $   3 $

Using a spreadsheet, compute the book values of a $12,000 asset over a seven-year life, with declining balance depreciation (d = 0.25). Also, compute the book valu of the $12,000 asset using straight-line depreciation, with a scrap value of $5,000 after seven years. Determine the book values. (Round to the nearest dollar as needed.) Year Book Value Book Value Declining Balance Straight Line 2$ 1 $ $4 3 $ 4 $4 $ 5 2$ $4 $4 7 $ Do