p357 7-5B - SLM DDB 3 200000 200000 54960 117920 income...

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Straight Line Method Date Asset Cost Depreciation Expense Cost of computer system 224000 294800 Set up fee 62000 1/3 20x5 54960 Sales tax 6700 1/1 20x6 54960 special platform 2100 1/1 20x7 54960 Residual value 20000 1/1 20x8 54960 274800 1/1 20x9 54960 Documents processed first year 50000 evey year after it decreases by 5000 Units of Production Method Date Asset Cost Depreciation Expense 1/3 20x5 294800 1/1 20x5 68700 1/1 20x6 61830 1/1 20x7 54960 1/1 20x8 48090 1/1 20x9 41220 Double Declining Balance Method Date Asset Cost Depreciation Expense 1/3 20x5 294800 1/1 20x5 117920 1/1 20x6 70752 1/1 20x7 42451.2 1/1 20x8 25470.72 1/1 20x9 18206.08 2. Ahmadi should use the double declining balance method and the straight line method
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Unformatted text preview: SLM DDB 3 200000 200000 54960 117920 income before tax 145040 82080 income tax expense (%35) 50764 28728 NET INCOME 94276 53352 Accumulated Depreciation Asset Book Value 54960 239840 109920 184880 164880 129920 219840 74960 274800 20000 Accumulated Depreciation Asset Book Value 68700 226100 130530 164270 185490 109310 233580 61220 274800 20000 Accumulated Depreciation Asset Book Value 117920 176880 188672 106128 231123.2 63676.8 256593.92 38206.08 274800 20000...
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This homework help was uploaded on 04/17/2008 for the course ACG 2021 taught by Professor Hornik during the Spring '08 term at University of Central Florida.

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p357 7-5B - SLM DDB 3 200000 200000 54960 117920 income...

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