Which depreciation method ignores residual value when computing the depreciable base of an asset? a. sum-of-the-year's-digits b. double-declining-balance c. composite depreciation d. group depreciation

Which depreciation method ignores residual value when computing the depreciable base of an asset? a. sum-of-the-year's-digits b. double-declining-balance c. composite depreciation d. group depreciation

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Description: Which depreciation method ignores residual value when computing the depreciable base of an asset?a. sum-of-the-year's-digitsb. double-declining-balancec. composite depreciationd. group depreciation

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter7: Fixed Assets, Natural Resources, And Intangible Assets

Section: Chapter Questions

Problem 7.2.2MBA

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Which of the following depreciation methods initially ignores salvage value in its calculation? a.Declining-balanceb.Sum-of-the-years'-digitsc.Straight-lined.Units-of-production
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First cost Book depreciation life MACRS property class Salvage value n 1 2 3 4 5 6 7 8 A $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $0 B $22,857 $16,327 $11,661 $5,154 SO SO SO SO $80,000 7 years 7 years $24,000 C $11,429 $19,592 $13,994 $9,996 $7,140 $7,140 $7,140 $3,570 D $22,857 $16,327 $11,661 $8,330 $6,942 $6,942 $6,942 SO
Which combination of depreciation methods and useful lives is most conservative in the year a depreciable asset is acquired? B . Declining balance depreciation with a long useful life.
Which of the following is not a factor in selecting a depreciation method? a. salvage valueb. repair and maintenance costsc. Inflationd. the risk associated with the cash flows from the asset