Company purchased a new 3-0 printer for 810,000Although this printer is expected to last for years, Alfredo knows the technology become old quickly so they to replace this printer in three yearsAt that point, Alfredo believes it will be able to sell the printer for $13,000, Calculate depreciation the double-declining-balance methodRound final answers to nearest whole dollar amount dont uplode images in answer
Depreciation Methods
The word "depreciation" is defined as an accounting method wherein the cost of tangible assets is spread over its useful life and it usually denotes how much of the assets value has been used up. The depreciation is usually considered as an operating expense. The main reason behind depreciation includes wear and tear of the assets, obsolescence etc.
Depreciation Accounting
In terms of accounting, with the passage of time the value of a fixed asset (like machinery, plants, furniture etc.) goes down over a specific period of time is known as depreciation. Now, the question comes in your mind, why the value of the fixed asset reduces over time.
Company purchased a new 3-0 printer for 810,000Although this printer is expected to last for years, Alfredo knows the technology become old quickly so they to replace this printer in three yearsAt that point, Alfredo believes it will be able to sell the printer for $13,000, Calculate
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