Biology Forums - Study Force

The California Crane Company purchased eight new cranes of different sizes and qualities. CCC uses the double-declining balance method of calculating depreciation. The data for each crane is given below. From this data compute the first year depreciation for each crane and the value of each crane at the end of its first year of use.

		Scrap	Depreciation	Value at
Cost	Est. Life	Value	Year 1	End of first Year
$220,000	10 years	$22,000	________	____________
$316,000	8 years	$31,600	________	____________
$  98,400	10 years	$  9,840	________	____________
$420,000	10 years	$42,000	________	____________
$108,800	5 years	$10,800	________	____________
$784,500	8 years	$78,450	________	____________
$780,000	8 years	$78,000	________	____________
$520,000	4 years	$52,000	________	____________

Content hidden