For each of the following depreciable assets determine the missing amount abbreviations for depreciation methods or SL for straight line and DDB for double declining balance esFor each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL forstraight-line and DDB for double-declining-balance. (Do not round intermediate calculations. Round your final answers to nearestwhole dollar.)AssetABCDECost52,00077,000242,000206,000ResidualValue$ 26,0005,00016,00026,000Service Life Depreciation Depreciation(Years)Method(Year 2)589108DDB $SLSLSLDDB33,0005,1008,00022,600

Name: For each of the following depreciable assets determine the missing amo
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Description: For each of the following depreciable assets determine the missing amount abbreviations for depreciation methods or SL for straight line and DDB for double declining balance esFor each of the following depreciable assets, determine the missing amount

Accumulated depreciation is a contra-asset account. It has a credit balance, it shows the cumulative…

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For each of the following depreciable assets, determine the missing amount. Abba straight-line and DDB for double-declining-balance. (Do not round intermediate c whole dollar.) Asset A B Cost 52,000 Residual Value $ 26,000 Service Life Depreciation Depreciation (Years) Method (Year 2) DDB $ 33,000 SL 5,100 5 8

For each of the following depreciable assets, determine the missing amount. Abba straight-line and DDB for double-declining-balance. (Do not round intermediate c whole dollar.) Asset A B Cost 52,000 Residual Value $ 26,000 Service Life Depreciation Depreciation (Years) Method (Year 2) DDB $ 33,000 SL 5,100 5 8

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 10RE: Assume the same information as in RE11-3, except that Albany Corporation purchased the asset on...

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