BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

Solutions

Chapter
Section
BuyFindarrow_forward

Contemporary Mathematics for Busin...

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

15 _____ ______ _________ _______ _______

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 15 years.

Explanation

Given Information:

The useful life is 15 years.

Formula used:

Sum-of-the-years’ digit is given by:

Sumofyears' digit=Sum of digits of estimated life

The formula of SYD depreciation rate fraction is given by:

The SYD depreciation rate fraction=Years of useful life remainingn(n+1)2

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

Calculation:

The provided useful life is 15 years.

The Sum-of-the-years’ digit is:

Sumofyears' digit=Sum of digits of estimated life

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

Sumofyears' digit=15+14+13+12+11+10+9+8+7+6+5+4+3+2+1=120

The SYD depreciation rate fraction is:

The SYD depreciation rate fraction=Years of useful life remainingn(n+1)2

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

The SYD depreciation rate fraction(year 1)=1515(15+1)2=15<

Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

Additional Math Solutions

Find more solutions based on key concepts

Show solutions add

In Exercises 39-50, sketch the graph of the function with the given rule. Find the domain and range of the func...

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

Under what circumstances is a t statistic used instead of a z-score for a hypothesis test?

Essentials of Statistics for The Behavioral Sciences (MindTap Course List)

The scalar projection of on is:

Study Guide for Stewart's Multivariable Calculus, 8th

Suppose that A and B are mutually exclusive events and that P(AB)0. What is P(AAB)?

Finite Mathematics for the Managerial, Life, and Social Sciences

f(x) = (x2 3)2 has points of inflection at x = _____. a) 0,3,3 b) 1, 1 c) 0, 1, 1 d) 3,3

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

Construct a histogram for the data in exercise 12.

STATISTICS F/BUSINESS+ECONOMICS-TEXT

Compute 8516453.

Mathematics For Machine Technology