Complete the following as they relate to the declining-balance method of depredation. Round to the nearest hundredth if necessary.
Straight-Line | Declining-Balance | |
Years | Rate (%) Multiple (%) | Rate (%) |
4 ______ 200 ______
To calculate: The straight-line rate and declining-balance rate when the useful life is 4 years and declining-balance multiple is 200.
Given Information:
The useful life is 4 years and declining-balance multiple is 200.
Formula used:
Calculation:
The provided useful life is 4 years.
The Straight-Line rate is:
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