Depreciation Calculations
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? Write a paragraph that describes the process for making a straight-line depreciation schedule. Include visual and graphical representations.
? Prepare an example of a straight-line depreciation schedule using a forklift with the following details: the first four years of depreciation of the forklift that cost $9,450, and it is expected to be used for 12 years, and is projected to be scrapped for $500.
? Create an an example of the sum-of-the-years' -digits method using a delivery van. Find the depreciation for each of the three years of the expected life of the delivery van that has a total cost of $18,000 and a salvage value of $3,000.
? Create an example using the double-declining balance method to make a depreciation schedule for equipment that cost $4,500 and has a salvage value of $300. The equipment is expected to last five years
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Solution Summary
Calculates depreciation using different depreciation methods with graphs:
a) Straight Line Depreciation
b) Double Declining Depreciation
c) Sum of years Depreciation
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