acc305_wk_5_e11_5__page_599

Apr 17th, 2015
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Hi there.This document contains A+ work for the course ACC 305.I am sure that this work will not disappoint you.This document will give you the correct answers to the respective questions about the particular course.

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E11-5 (page 599) - Depreciation methods; solving for unknowns ? LO2For each of the following depreciable assets, determine the missing amount (?). Abbreviations for depreciation methods are SL for straight line, SYD for sum-of-the-years' digits, and DDB for double-declining balance.Exercise 11-5Asset A:Straight-line rate is 20% (1 5 years) x 2 = 40% DDB rate$24,000 = $60,000 = Book value at the beginning of year 2 .40Cost - (Cost x 40%) = $60,000.60Cost = $60,000Cost = $100,000Asset B:Sum-of-the-years' digits is 36 {[8 (8 + 1)]2}($40,000 - residual) x 7/36 = $7,000$280,000 - 7residual-------------------------- = $7,000 36$280,000 - 7residual = $252,0007residual =$28,000Residual =$4,000Asset C: $65,000 - 5,000 = $6,000 LifeLife = 10 yearsAsset D:$230,000 - $10,000

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