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Home Q & A Board Science-Related Homework Help Mathematics
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remmylp remmylp
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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:
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duankong-feiduankong-fei
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A year ago
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