ACCT 731 P21
A machine cost $500,000 on April 1, 2008. Its estimated salvage value is $50,000 and its expected life is eight years.
Calculate the depreciation expense (to the nearest dollar) by each of the following methods, showing the figures used on a separate Excel spreadsheet as directed on the Problem Set 3 directions.
a) Straight-line for 2008
b) Double-declining balance for 2009
c) Sum-of-the-years'-digits for 2009.© BrainMass Inc. brainmass.com December 15, 2020, 7:22 pm ad1c9bdddf
The solution computes depreciation using Straight-line, Double-declining & Sum-of-the-years'-digits.