Jefferson Company purchased equipment on January 1, 2017. The equipment cost $60,000 and has an estimated life of 8 years and a salvage value of $8,000. What was the depreciation expense for the equipment for 2018 under the double-declining-balance method?

Answers

Answer 1

Answer: $11250

Explanation:

Based on the information given in the question, the depreciation expense for the equipment for 2018 under the double-declining-balance method will be calculated thus:

Cost of Equipment = $60,000

Salvage Value = $8,000

Useful Life = 8 years

Double-declining-balance Depreciation Rate will be calculated as:

= 2 / Useful Life

= 2 / 8

= 25%

For 2017:

Beginning Book Value = $60,000

Depreciation Expense = 25% × $60,000 = $15,000

Ending Book Value = $60,000 - $15,000 = $45,000

2018:

Beginning Book Value = $45,000

Depreciation Expense = 25% × $45,000 = $11,250

Therefore, the depreciation expense for the equipment for 2018 under the double-declining-balance method is $11250.

Note that:

Ending Book Value = Beginning Book Value - Depreciation Expense


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Answer:

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logical


emotional


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Answers

Answer:

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Some of these sentences are a bit weird though so many waiting for someone else to put it together could be beneficial!

Explanation:

1) The professor taught

five classes Monday. He was? (be is weird here)

afterward

2) You fed

the birds that we saw yesterday. Some of them were

cardinals.

first on the trail Saturday, because he knew

the way

3) Andy went

better than we did.

4) The house was

dirty after they left. We cleaned

it yesterday

the motorcycles in the garage, then they ate

5) The boys placed (put is also weird here??)

lunch

6) My friends and I found

some gold in the river. Then we looked

for

more.

7) 1 liked

to write poetry when I was

eight years old.

8) Charlotte and I saw lightening in the sky Thursday night; the storm came

fast.

9) The children went

to the park yesterday. They stayed

for two hours

outside after it snowed

Three inches of snow fell

10) We played

that day

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