E9-38B - 45000 54,000.00 114,000.00 146,000.00 0.40...

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Joe Griffin Photography HERNAN SILVA E9-38B Photo Equipment 244000.00 Five Year 0.20 Tranport 700.00 residual Value 20,000.00 tranport Insurance 100.00 Depresitation 240,000.00 Sales Tax 12100.00 price per photo 1.20 training 3100.00 TOTAL 260000.00 Straight-line Unit of production Double-Declining-Balance Depr Exp Acc Depr Book Value photos Depr Exp Acc Depr Book Value DDB rate Dep Exp Acc Depr Book Value 2007 48,000.00 48,000.00 212,000.00 50000 60,000.00 60,000.00 200,000.00 0.40 96,000.00 96,000.00 144,000.00 2008 48,000.00 96,000.00 164,000.00
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Unformatted text preview: 45000 54,000.00 114,000.00 146,000.00 0.40 57,600.00 153,600.00 86,400.00 2009 48,000.00 144,000.00 116,000.00 40000 48,000.00 162,000.00 98,000.00 0.40 34,560.00 188,160.00 51,840.00 2010 48,000.00 192,000.00 68,000.00 35000 42,000.00 204,000.00 56,000.00 0.40 20,736.00 208,896.00 31,104.00 2011 48,000.00 240,000.00 20,000.00 30000 36,000.00 240,000.00 20,000.00 0.40 11,104.00 220,000.00 20,000.00 Answer 2: The best method for Income-Tax purposes is the Double Declining Balance....
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This note was uploaded on 08/09/2009 for the course ACTG Accounting taught by Professor Yoon during the Spring '09 term at N.E. Illinois.

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