Chapter 17.I, Problem 12RE

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8th Edition

Robert Brechner + 1 other

ISBN: 9781305585447

Textbook Problem

Complete Exercises 11 -16 as they relate to the sum-of-the-years' digits method of depreciation.

Useful Life |
Sum-of-the- |
Depreciation Rate Fraction |

(years) |
Years’ Digits |
Year 1 Year 3 Year 5 |

7 ________ _______ ________ ______

To determine

**To calculate:** The sum-of-the-years’ digits and depreciation rate fraction for year 1, year 3 and year 5 when the useful life is 7 years.

Explanation

**Given Information:**

The useful life is 7 years.

**Formula used:**

Sum-of-the-years’ digit is given by:

The formula of SYD depreciation rate fraction is given by:

Where n is the number of years of useful life of the asset.

**Calculation:**

The provided useful life is 7 years.

The Sum-of-the-years’ digit is:

Now, using the above formula, the Sum-of-the-years’ digit is:

The SYD depreciation rate fraction is:

Now, using the above formula, the SYD depreciation rate fraction for year 1 is:

Sect-17.I P-1TIESect-17.I P-2TIESect-17.I P-3TIESect-17.I P-4TIESect-17.I P-1RESect-17.I P-2RESect-17.I P-3RESect-17.I P-4RESect-17.I P-5RESect-17.I P-6RE

Sect-17.I P-7RESect-17.I P-8RESect-17.I P-9RESect-17.I P-10RESect-17.I P-11RESect-17.I P-12RESect-17.I P-13RESect-17.I P-14RESect-17.I P-15RESect-17.I P-16RESect-17.I P-17RESect-17.I P-18RESect-17.I P-19RESect-17.I P-20RESect-17.I P-21RESect-17.I P-22RESect-17.I P-23RESect-17.I P-24RESect-17.I P-25RESect-17.I P-26RESect-17.I P-27RESect-17.I P-28RESect-17.I P-29RESect-17.I P-30RESect-17.I P-31RESect-17.I P-32RESect-17.I P-33RESect-17.II P-5TIESect-17.II P-6TIESect-17.II P-1RESect-17.II P-2RESect-17.II P-3RESect-17.II P-4RESect-17.II P-5RESect-17.II P-6RESect-17.II P-7RESect-17.II P-8RECh-17 P-1CRCh-17 P-2CRCh-17 P-3CRCh-17 P-4CRCh-17 P-5CRCh-17 P-6CRCh-17 P-7CRCh-17 P-8CRCh-17 P-9CRCh-17 P-10CRCh-17 P-11CRCh-17 P-12CRCh-17 P-13CRCh-17 P-14CRCh-17 P-1ATCh-17 P-2ATCh-17 P-3ATCh-17 P-4ATCh-17 P-5ATCh-17 P-6ATCh-17 P-7ATCh-17 P-8ATCh-17 P-9ATCh-17 P-10ATCh-17 P-11ATCh-17 P-12ATCh-17 P-13ATCh-17 P-14ATCh-17 P-15AT

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