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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

1 8 and 1 2 25 and 1 3 2 and 4 The energy of...

Physics
Q

2 Determine the value of DE and EF to the nearest SI bns 0 011...

Geometry
Q

1A) Let ?(?) = 3? + 2. Use the ? − ? definition to prove...

Basic Math
Q

How has sustainable construction materials changed the construction industry?

Civil Engineering
Q

18 Consider a spherical shell of radius R at temperature T The black body radiation...

Physics
Q

Two parallel lines are cut by a trans Suppose m2 104 Find m45

Geometry
Q

10 10 SEOR YEAR 17 5 55 1111 1119 Enable Zoom Pan y 10 30...

Calculus
Q

. Consider the following cost table for a hospital Overhead costs...

Accounting
Q

Please show all necessary work, thank you. 11-42 (35 points) What-if analysis: Jeren Company...

Accounting
Q

Waterway Industries compr maquinaria por $910 000 el 1 de enero de 2017. La depreciacin...

Accounting
Q

A company declares a 10% stock dividend on their 10,000 shares of $5 par common...

Accounting
Q

On January 1, 2024, a company owed a bank $27 million under a 12% note...

Accounting