E 11-5. For each of the following depreciable assets, determine the missing amount (?). Abbreviations for depreciation
For each of the following depreciable assets, determine the missing amount (?). Abbreviations for depreciation methods are SL for straight line, SYD for sum-of-the-years' digits, and DDB for double-declining balance.
Asset Cost Residual Value Service Life (years) Depreciation Method Depreciation (year 2)
A ? $20,000 5 DDB $24,000
B $40,000 ? 8 SYD 7,000
C 65,000 5,000 ? SL 6,000
D 230,000 10,000 10 ? 22,000
E 200,000 20,000 8 150%DB ?
