Top Posters
Since Sunday
r
4
L
4
3
d
3
M
3
l
3
V
3
s
3
d
3
a
3
g
3
j
3
Home Q & A Board Science-Related Homework Help Mathematics
New Topic  
remmylp remmylp
wrote...
Go to Answer
Posts: 134
Rep: 0 0
A year ago
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
________
____________
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
Authors:
Read 62 times
1 Reply
Replies
Answer verified by a subject expert
duankong-feiduankong-fei
wrote...
#1
Posts: 153
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

remmylp Author
wrote...

A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Ifekwunigwe
wrote...

Yesterday
Thanks
Danivalda
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1939 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 1062
  
 191
  
 179
Your Opinion
What's your favorite coffee beverage?
Votes: 303
Previous poll results: Which 'study break' activity do you find most distracting?