on february 13 scandia co paid 1 650 to install a hydraulic lift and 25 for an air f 642778
- Equipment acquired at the beginning of the year at a cost of $88,000 has an estimated residual value of $6,000 and an estimated useful life of five years. Determine (a) the depreciable cost, (b) the double declining balance rate, and (c) the double declining balance depreciation for the first year.
- A building acquired at the beginning of the year at a cost of $316,000 has an estimated residual value of $48,000 and an estimated useful life of 40 years. Determine (a) the depreciable cost, (b) the double declining balance rate, and (c) the double declining balance depreciation for the first year.