Complete Exercises 18-23 as they relate to the declining-balance method of depreciation. Round to the nearest hundredth of a percent when necessary.
Useful Life | Straight-Line | Declining-Balance | |
(Years) | Rate (%) | Multiple (%) | Rate (%) |
21. 8 | _______ | 150 | ____ |
To calculate: The straight-line rate and declining-balance rate when the useful life is 8 years and declining-balance multiple is 150.
Given Information:
The useful life is 8 years and declining-balance multiple is 150.
Formula used:
The Straight-Line rate is:
The declining balance rate is:
Calculation:
The provided useful life is 8 years.
The Straight-Line rate is:
Single Variable Calculus: Early Transcendentals, Volume I
Elementary Technical Mathematics
Intermediate Algebra
Multivariable Calculus
Essentials Of Statistics
Mathematical Applications for the Management, Life, and Social Sciences
Essentials of Statistics for The Behavioral Sciences (MindTap Course List)
Calculus: Early Transcendental Functions
Understanding Basic Statistics
Single Variable Calculus
Calculus: An Applied Approach (MindTap Course List)
Calculus: Early Transcendentals
Elementary Geometry For College Students, 7e
Finite Mathematics and Applied Calculus (MindTap Course List)
Precalculus: Mathematics for Calculus (Standalone Book)
Mathematical Excursions (MindTap Course List)
Probability and Statistics for Engineering and the Sciences
Finite Mathematics
Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach
Calculus (MindTap Course List)
Statistics for The Behavioral Sciences (MindTap Course List)
Calculus: Early Transcendental Functions (MindTap Course List)
Elements Of Modern Algebra
Single Variable Calculus: Early Transcendentals
Trigonometry (MindTap Course List)
Calculus of a Single Variable
Elementary Geometry for College Students
Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th
Study Guide for Stewart's Multivariable Calculus, 8th
Finite Mathematics for the Managerial, Life, and Social Sciences
Statistics for Business & Economics, Revised (MindTap Course List)
Research Methods for the Behavioral Sciences (MindTap Course List)
STATISTICS F/BUSINESS+ECONOMICS-TEXT
Research Methods for the Behavioral Sciences (MindTap Course List)
College Algebra (MindTap Course List)
Introduction To Statistics And Data Analysis
Mathematics For Machine Technology
Calculus (MindTap Course List)