Using the double-declining balance method, depreciation for 2010 and book value at December 31, 2010, would be:
A) $10,000 and $5,000.
B) $10,000 and $10,000.
C) $11,250 and $6,250.
D) $11,250 and $11,250.Depreciation in 2010 = [($45,000 (45,000 50%) ] 50% = $11,250 Book value, 12/31/10 = $45,000 22,500 11,250 = $11,250
Correct Answer:
Verified
Q24: Using the sum-of-the-years'-digits method, depreciation for 2010
Q25: Using the straight-line method, depreciation for 2009
Q26: Using the double-declining balance method, the book
Q26: Assuming an asset is used evenly over
Q27: Using the straight-line method, depreciation for 2009
Q28: Depreciation for 2009, using double-declining balance, would
Q30: Prego would report depreciation in 2009 of:
A)$36,000.
B)$43,900.
C)$18,000.
D)$21,950.Depreciation
Q31: Using the sum-of-the-years'-digits method, depreciation for 2009
Q32: Using the sum-of-the years'-digits method, depreciation for
Q33: Using the straight-line method, the book value
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents