ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 150
10) What is the cost of the asset being depreciated? (Round
answer to 0 decimal places, e.g. 45,892.)
Cost of asset
$
11) If there is any salvage value and the amount is unknown
(as is the case here), the cost would have to be determined by
looking at the data for the double-declining balance method.
12) What amount, if any, was used in the depreciation
calculations for the salvage value for this asset? (Round
answer to 0 decimal places, e.g. 45,892.)
13) Which method will produce the highest charge to income
in Year 1?