Posted: April 14th, 2021

Accounting 251 week 8 – straight line and double declining balance

 

In early January 2011, Lab Tech purchased computer equipment for $147,000 to use in operating activities for the next four years. It estimates the equipment salvage value at $30,000. Prepare a table showing depreciation and book value for each of the four years assuming straight line depreciation.

 

Refer to the information and prepare a table showing depreciation and book value for each of the four years assuming double declining balance depreciation.

 

 

 

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