Question

"Compute the book value at the end of 5 years using
double-declining-balance (DDB) depreciation schedule for the
following asset:

Cost of the asset, I: $298,000.

Useful life, N: 7 years.

Salvage value, S: $35,000."

Answer #1

"Compute the book value at the end of 4 years using
double-declining-balance (DDB) depreciation schedule for the
following asset: Cost of the asset, I: $300,000. Useful life, N: 8
years. Salvage value, S: $34,000."

The book value of an asset when using double-declining-balance
depreciation is always greater than the book value from using
straight-line depreciation, except at the beginning and the end of
the asset's useful life, when it is the same.
TRUE OR FALSE?

A depreciable asset is purchased for $50,000. The expected
salvage value is zero at the end of it’s 8 year useful life.
Compute the depreciation schedule by using double declining balance
(DDB) to switch over straight line depreciation. Also, determine
the book value of the asset after 6 years.

Double Declining Balance Method -- Commercial Lawn Mower:
Acquired January 1. Purchased for $14,000; salvage value is $2,000.
Useful life is 5 years.
A. Is the salvage value used to compute book value (circle the
answer)? Yes or No
B. How is the double declining rate computed?
C.Complete the following Double Declining Balance Table:
Year
Book Value: Start of Year
DDB Percent
Annual Depreciation Expense
Accumulated Depreciation
Book Value: End of Year
Year 1
Year 2
Year 3
Year 4...

what is the amount of double declining balance depreciation for
your four if the cost of an asset is $75,000 the useful life is
five years in the salvage value is $4000 ?

An equipment at MNS Systems costing $600,000 was depreciated
using the double declining balance (DDB) method. In year four, the
company decided to switch to the straight-line depreciation method.
Determine the depreciation charges in year 4. Assume a depreciable
life of 10 years and a salvage value of $63,331.

what is the double declining depreciation schedule for a truck
that was purchased fornPhp 2.5Million with a lifetime of 3 years
and has a residual value of Php 250,000? Asset cost: Php2500000,
Residual cost 250,000, cost residual2,250,000, DDB :66.67%,
duration:3 years, Year:1Fraction:66.67% (year 1), Depreciation____,
Net Book Value____. Year 2 Fraction:66.67%, Depreciation:_____, Net
Book Value____. Year # , Fraction:66.67%, Depreciation:____. Net
Book Value250,000.

1) Depreciation computed under double−declining−balance
will decrease each year because:
A.the book value used in the computation each year increases
B.the rate used in the computation each year decreases
C.the book value used in the computation each year decreases
D.the rate used in the computation each year increases
2) At the end of an asset's useful life, the balance in
Accumulated Depreciation will:
A.be greater under units−of−production depreciation than under
straight-line depreciation
B. be a greater amount under straight-line depreciation...

555.)
Mack Company plans to depreciate a new building using the double
declining-balance depreciation method. The building cost is
$800,000. The estimated residual value of the building is $50,000
and it has an expected useful life of 25 years.
What is the building's book value at the end of the first
year?
A.) $686,000
B.) $736,000
C.) $690,000
D.) $768,000

Double-Declining-Balance Depreciation
A building acquired at the beginning of the year at a cost of
$76,400 has an estimated residual value of $3,100 and an estimated
useful life of four years. Determine the following.
(a)
The double-declining-balance rate
%
(b)
The double-declining-balance depreciation for the first
year
$

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