Address: | 620 Thorpe Rd, Orlando, FL 32824, USA |
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Postal code: | 32824 |
Phone: | (800) 558-6767 |
Website: | http://www.schneider.com/ |
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Show transcribed image text Practice Question 58 Schneider Trucking Inc. purchased a new semi-truck on January 1, 2016 for $200,000. tts useful life is expected to be 4 years and its salvage value is estimated at $25,000. What is the depreciation for 2017 using the declining-balance method at double...
A. $87,500 Calculation: $200,000 minus $25.000 = $175,000 to be depreciated. Straight line depreciation would be $43,750 per year. Using the allowed doubling of straight line depreciation would allow you to depreciate $87,500.
Schneider Trucking Inc. In mybook® : Other Collection (edit). Dump Truck Service, Lime & Limestone, Local Trucking Service, Trucking.
Schneider Trucking Inc. purchased a new semi-truck on January 1, 2016 for $200,000. Its useful life is expected to be 4 years and its salvage value is estimated at $25,000. What is the depreciation for 2017 using the declining-balance method at double the straight-line rate?