The various depreciation methods used for depreciation of an asset.

Question

Required information Halcrow Yolles purchased equipment for new highway construction in Manitoba, Canada, costing $490000 Canadian. The estimated salvage at the end of the expected life of 4.000 years is $50,000. Various acceptable depreciation methods are being studied currently. Determine the depreciation for year 2 using the DDB(Double Declining Balance), 150% DB(Declining Balance), and SL(Straight Line Depreciation) methods. Determine the depreciation by hand. The depreciation using SL method is determined to be $ The depreciation using DDB method is determined to be $ The depreciation using 150% DB method is determined to be $

Answer 1

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Chapter 11, Problem 20P

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To find:The various depreciation methods used for depreciation of an asset.

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Required information Halcrow Yolles purchased equipment for new highway construction in Manitoba, Canada, costing $490000 Canadian. The estimated salvage at the end of the expected life of 4.000 years is $50,000. Various acceptable depreciation methods are being studied currently. Determine the depreciation for year 2 using the DDB(Double Declining Balance), 150% DB(Declining Balance), and SL(Straight Line Depreciation) methods. Determine the depreciation by hand. The depreciation using SL method is determined to be $ The depreciation using DDB method is determined to be $ The depreciation using 150% DB method is determined to be $

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