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Category > Accounting Posted 25 Apr 2017 My Price 2.00

A plant asset purchased for $300,000 at the beginning

A plant asset purchased for $300,000 at the beginning of the year has an estimated life of 5 years and a residual value of $30,000. Depreciation for the second year, determined by the sum-of-the-years'-digits method is .

Feb 28 2014 11:40 A

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Alpha Geek
(8)
Status NEW Posted 25 Apr 2017 07:04 PM My Price 2.00

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file 1493148521-Answer.docx preview (105 words )
A----------- pl-----------ant----------- as-----------set----------- pu-----------rch-----------ase-----------d f-----------or -----------$30-----------0,0-----------00 -----------at -----------the----------- be-----------gin-----------nin-----------g o-----------f t-----------he -----------yea-----------r h-----------as -----------an -----------est-----------ima-----------ted----------- li-----------fe -----------of -----------5 y-----------ear-----------s a-----------nd -----------a r-----------esi-----------dua-----------l v-----------alu-----------e o-----------f $-----------30,-----------000-----------. D-----------epr-----------eci-----------ati-----------on -----------for----------- th-----------e s-----------eco-----------nd -----------yea-----------r, -----------det-----------erm-----------ine-----------d b-----------y t-----------he -----------sum------------of------------th-----------e-y-----------ear-----------s'------------dig-----------its----------- me-----------tho-----------d i-----------s .-----------Feb----------- 28----------- 20-----------14 -----------11:-----------40 -----------AM ----------- An-----------swe-----------r -----------Dep-----------rec-----------iat-----------ion----------- -----------Dep-----------rec-----------iat-----------ion----------- by----------- su-----------m o-----------f y-----------ear----------- di-----------git-----------s m-----------eth-----------od ----------- C-----------ost----------- of----------- as-----------set-----------s 3-----------000-----------00 -----------Lif-----------e 5----------- ye-----------ars----------- -----------Res-----------idu-----------le -----------val-----------ue -----------300-----------00 ----------- F-----------irs-----------t w-----------e c-----------alc-----------ula-----------te -----------Sum----------- of----------- ye-----------ar -----------dig-----------its----------- -----------Sum----------- of----------- ye-----------ar -----------dig-----------its----------- = -----------n(n-----------+1)-----------/2
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