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Problem 29 - Answer Key

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Hanie Iguid
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77 views1 page

Problem 29 - Answer Key

Uploaded by

Hanie Iguid
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Problem 29-8

Cost 2,750,000

SYD 10(10+1/2) 55

Year Particular Depreciation Accumulated dep. Carrying amount


Acquisition cost 2,750,000
2023 10/55 x 2,750,000 500,000 500,000 2,250,000
2024 9/55 x 2,750,000 450,000 950,000 1,800,000

Carrying amount - 2024 1,800,000


Divided by remaining useful life 8
Depreciation - 2025 225,000

Problem 29-9
Straight line rate (100%/5) 20%
Double declining method (20% x 2) 40%

Year Particular Depreciation Accumulated dep. Carrying amount


Acquisition cost 5,000,000
2023 5,000,000 x 40% 2,000,000 2,000,000 3,000,000
2024 3,000,000 x 40% 1,200,000 3,200,000 1,800,000

Carrying amount - 2024 1,800,000


Divided by remaining useful life 3
Depreciation - 2025 600,000
Add: Accumulated depreciation - 2024 3,200,000
Accumulated depreciation - 2025 3,800,000

Problem 29-10
Cost 7,200,000
Divided by estimated useful life 10
Annual depreciation 720,000

Cost 7,200,000
Less: Accumulated depreciation (720,000 x 3) 2,160,000
Carrying amount - 2022 5,040,000

SYD (7(7+1/2) 28

Year Particular Depreciation Accumulated dep. Carrying amount


2022 2,160,000 5,040,000
2023 7/28 x 5,040,000 1,260,000 3,420,000 3,780,000

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