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ACG 320
Essay specific features
Written by:
John G
Date added:
October 15, 2016
Level:
University
Grade:
A
No of pages / words:
2 / 419
Was viewed:
8536 times
Rating of current essay:
Essay content:
Straight-line Method
Depreciation expense = Acquisition cost ? residual value
Estimated useful life in years
Depreciation expense per year 22,500 = 100,000 - 10,000 = 90,000
4 4
Straight Line Depreciation
Yrs of the asset's life Depreciation
Expense
(income statement) Accumulated depreciation
(balance sheet at end of the year) Book value of the asset
(balance sheet at end of the year)
1 22,500 22,500 77,500
2 22,500 45,000 55,000
3 22,500 67,500 32,500
4 22,500 90,000 10,000
2...
displayed 300 characters
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Double-Declining Balance Depreciation
Depreciation expense = existing book value
X (2/estimated useful life of years) 100,000x2/4 = 50,000
Double-Declining Balance Depreciation
Yrs of the asset's life Depreciation
Rate = 50% Book value before depreciating the asset for the year Depreciation expense for the year Accumulated depreciation (at the end of the year)
1 0...
displayed 300 characters
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