ACG 320
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Title: ACG 320

Essay Details:

Subject: Business
Author: Anthony D
Date: February 1, 2016
Level: University
Grade: A
Length: 2 / 419

Essay text:

Straight-line Method Depreciation expense = Acquisition cost ? residual value Estimated useful life in years Depreciation expense per year 22,500 = 100,000 - 10,000 = 90,000 4 4 Straight Line Depreciation Yrs of the asset's life Depreciation Expense (income statement) Accumulated depreciation (balance sheet at end of the year) Book value of the asset (balance sheet at end of the year) 1 22,500 22,500 77,500 2 22,500 45,000 55,000 3 22,500 67,500 32,500 4 22,500 90,000 10,000 2. Double-Declining Balance Depreciation Depreciation expense = existing book value X (2/estimated useful life of years) 100,000x2/4 = 50,000 Double-Declining Balance Depreciation Yrs of the asset's life Depreciation Rate = 50% Book value before depreciating the asset for the year Depreciation expense for the year Accumulated depreciation (at the end of the year) 1 0...

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