Sandblasting equipment acquired at a cost of $42,000 has an estimated residual value of $6,000 and an estimated useful life of 10 years. it was placed in service on october 1 of the current fiscal year, which ends on december 31, 20y5.
a. determine the depreciation for 20y5 and for 20y6 by the straight-line method.
depreciation
20y5 $ 900
20y6 $ 3600
b. determine the depreciation for 20y5 and for 20y6 by the double-declining-balance method.
depreciation
20y5 $
20y6 $
Answers: 1
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Sandblasting equipment acquired at a cost of $42,000 has an estimated residual value of $6,000 and a...
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