ch12ex10a - Annual Double-Declining-Balance Rate:...

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BUSINESS MATH USING EXCEL Name ______________________________ Date ______________________________ Chapter 12 - Exercise 10 $14,000 $1,200 5 40% Year 1 14000 40% 5600 5600 $8,400 2 $8,400 40% $3,360 $8,960 $5,040 3 $5,040 40% 2016 $10,976 $3,024 4 3024 40% 1209.6 $12,186 $1,814 5 1814.4 40% $614 $12,800 $1,200 Directions: a. In Cell B9, enter the Depreciable Amount for Year 1 (Cost of Asset). c. In Cell D9, enter the formula to calculate the Annual Depreciation for Year 1. Copy this formula down the column. g. In Cell E10, enter a formula to calculate the Accumulated Depreciation for Year 2. Copy this formula down the column. h. In Cell D5, adjust fifth year Annual Depreciation so that End of Year Book Value is equal to the Residual Value. i. Format dollar entries for Currency, 0 Decimal places, and $. OCOTILLO GOLF CLUB Maintenance Cart Depreciation Schedule • Double-Declining-Balance Method Cost of Asset: Residual (Salvage) Value: Length of Service (yrs):
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Unformatted text preview: Annual Double-Declining-Balance Rate: Depreciable Amount Double-Declining Balance Rate Annual Depreciation Accumulated Depreciation End-of-Year Book Value b. In Cell C9, enter the Annual Double-Declining-Balance Rate. Use an absolute cell reference. Copy the percent down the column. Format for Percentage and 0 Decimal places. d. In Cell E9, enter the Accumulated Depreciation. (In the first year, the Accumulated Depreciation is equal to the Annual Depreciation for Year 1.) e. In Cell F9, enter a formula to calculate the End-of-Year Book Value for Year 1. Use an absolute reference for Cost of Asset. Copy this formula down the column. f. In Cell B10, enter the End-of-Year Book Value for Year 1 as the Depreciable Amount for Year 2. Copy this formula down the column. j. Save the file as ch12ex10a.xls. A B C D E F 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26...
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