Maurice Tutor

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Teaching Since: May 2017
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 19 Jan 2018 My Price 4.00

Boyditch Professional Asso- ciates

12.11    Exactly 10 years ago, Boyditch Professional Asso- ciates purchased $100,000 in depreciable assets with an estimated salvage of $10,000. For tax de- preciation the SL method with n = 10 years was used, but for book depreciation, Boyditch applied the DDB method with n = 7 years and neglected the salvage estimate. The company sold the assets today for $12,500. (a) Compare this amount with the book values using the SL and DDB methods.

(b) If the salvage of $12,500 had been estimated exactly 10 years ago, determine the depreciation for each method in year 10.

Answers

Maurice Tutor
(5)
Status NEW Posted 19 Jan 2018 11:01 PM My Price 4.00

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