Respuesta :
The life of the equipment was estimated to be six years. assuming straight-line deprecation, the book value of the equipment at the beginning of the third year would be $50,000.
Straight line
(Cost - salvage value)/estimated useful life
= (360,000-60000)/6
=50000 ans.
The double declining stability (DDB) depreciation method is an method to accounting that includes depreciating sure property at two times the fee mentioned beneathneath straight-line depreciation. This consequences in depreciation being the best withinside the first yr of possession and declining over time.
The gadget ignores the salvage price whilst the declining stability is calculated, however the asset will now no longer be depreciated under the asset's salvage price. The depreciation quantity is calculated with the aid of using multiplying the straight-line quantity with the aid of using the declining stability fee.
To calculate depreciation the use of the straight-line method, subtract the asset's salvage price (what you assume it to be really well worth on the stop of its beneficial life) from its cost. The end result is the depreciable foundation or the quantity that may be depreciated. Divide this quantity with the aid of using the range of years withinside the asset's beneficial lifespan.
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