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ABC Distribution Center Inc. purchased special handling equipment for beverage manufacture $20,000. The equipment may be depreciated...

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Economics

ABC Distribution Center Inc. purchased special handlingequipment for beverage manufacture $20,000. The equipment may bedepreciated using the following three depreciation methods for 5years with a salvage value of $5,000.

Develop depreciation schedules for the three methods. Showdetail of your set up with book value for each year.
i. DDB
ii. SOYD
iii. MACRS

Answer & Explanation Solved by verified expert
4.4 Ratings (534 Votes)
Initial Cost 20000 Life 5 Years Salvage Value 5000 1 DDB method Depreciation Factor 2 20000 5000 5 40 1st year 20000 04 8000 Book value 20000 8000 12000 Year Beginning Depreciation Depreciation Accumulated Ending Book Value Percent Amount Depreciation Book Value 1 20000 040 8000 8000 12000 2 12000 040 4800    See Answer
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