Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. how to calculate double declining balance for stor

How to calculate double declining balance for store equipment that costs $134,500 with residual of...

80.2K

Verified Solution

Question

Accounting

How to calculate double declining balance for store equipment that costs $134,500 with residual of $18,000 and life of 10 years? If the equipment was purchased Feb, 10,2013 the question states that by December 31,2014 the accumulated depreciated balance should be at $46,627. I'm looking for the depreciation expense for January 2015, and accumulated depreciation balance for January 31st, 2015.

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

Below are returns on the stock A and S&P500 index. All numbers are in decimals (-0.0222...

Biology
1.2K views

A number of other related drugs with a similar indication to tropisetron are not being considered...

Advance Math
1.2K views

For each of the following groups, find all the cyclic subgroups: (a) Z8, (b) Z10, (c)...

Accounting
1.2K views

The following transactions occurred in April at Steve’s Cabinets, a custom cabinet firm: Purchased $25,500 of materials...

Basic Math
1.2K views

K Find the range mean and standard deviation of the data set 18 14 18...

Basic Math
1.2K views

Compute probabilities of each outcome by dividing the frequency of each row by ten. This...

Calculus
1.2K views

Given f x f x 4x 13 9x 7 findf x

Calculus
1.2K views

10 Given this graph of the function f x Find a f 1 b f...

Accounting
1.2K views

The options are A) a capital gain b) an ordinary income c) nontaxable income...

Accounting
1.2K views

Van owns residential rental property. His tenants pay rent through Venmo. In addition, he has...

Accounting
1.2K views

Duke and his wife were legally divorced in 2021. After the divorce, duke retained physical...

Accounting
1.2K views

(a) Distinguish between the two types of cost accounting systems. (b) May a company use...