E 11-5 Depreciation methods; solving for unknownsFor each of the following depreciable assets determine the missing amount (?). Abbreviations for depreciation methods are SL for straight line SYD for sum-of-the-years digits and DDB for double-declining balance. Please show necessary steps to attain outcome. Assets Cost Residual Value Service Life (years) Depreciation Method Depreciation (Year 2)A ? 20000 5 DDB 24000B 40000 ? 8 SYD 7000C 65000 5000 ? SL 6000D 230000 10000 10 ? 22000E 200000 20000 8 150%DB ?E 11-10 Double-declining-balance method; switch to straight line On January 2 2011 the Jackson Company purchased equipment to be used in its manufacturing process. The equipment has an estimated life of eight years and an estimated residual value of $30625. The expenditures made to acquire the asset were as followsPurchase price $154000Freight charges 2000 Installation charges 4000Jackson s policy is to use the double-declining-balance (DD) method of depreciation in the early years of the equipment s life and then switch to straight line halfway through the equipment s life.Required:1. Calculate depreciation for each year of the asset s eight-year life.2. Discuss the accounting treatment of the depreciation on the equipment
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BENCHMARK – EFFECTS OF CHILDHOOD TRAUMA WORKSHEET
Academic Level University Subject Healthcare Type of Paper Other (Not listed) Paper Format APA Assessment Traits Benchmark Requires Lopeswrite Assessment Description Complete the “Effects of Childhood Trauma Worksheet” document attached. While APA format is not Read more…