Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. double declining balance. i want to make sure i ha

Double Declining Balance. I want to make sure I have done this correctly. If I...

50.1K

Verified Solution

Question

Accounting

Double Declining Balance. I want to make sure I have done this correctly.

If I have a car worth $200,000 and it has a life of 5 years and the end life is $10,000. Would this be the correct math?

Yr 1 80,000

Yr 2 48,000

Yr 3 28,800

Yr 4 17,280

Yr 5 7,280

Please just answer with a yes or no.

Thank you

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

2. Covered Interest Arbitrage. Assume the following information: Spot rate of Mexican peso = $.100 180day forward rate...

Accounting
1.2K views

Prompt Your case study should answer the following prompt: What ethical framework should be utilized when setting...

Medical Sciences
1.2K views

â—¦ Describe fetal circulation and the structures associated with fetal circulation that remain in the body...

Biology
1.2K views

1) Why is codon bias important? 2) If you had a bacterial cell in a solution...

Basic Math
1.2K views

Law of cosines: a=b+ c-2bccos(A)Find the measure of ?Q, the smallest angle in a triangle...

Basic Math
1.2K views

Set up, but do not simplify or evaluate, the integrals to find the volumes of...

Statistics
1.2K views

A company has a policy of retiring company cars this policy looks at number of...

Calculus
1.2K views

Find the area of the region bounded by the x-axis and the graph of the...

Calculus
1.2K views

through C below on was given to you by a student whom you are tutoring...

Accounting
1.2K views

In Crazy Eddie, the auditors work plan and results were viewed by the client, in...

Accounting
1.2K views

42) Which of the following accounts decreases with a credit? A) Common Stock B) Cash...

Finance
1.2K views

Someone purchased for $170,000. He added an addition costing $40,000. The current market value is...