ACG 320

ACG 320 Balls and Bats, Inc. purchased equipment on January 1, 2005, at a cost of $100,000. The estimated useful life is 4 years with a salvage take account of $10,000. For this date you are to complete the following tasks: Prepare two contrary depreciation schedules for the equipment one use the double-declining balance method, and the other using the straight-line method. (Round to the nearest dollar). Determine which method would result in the greatest net income for the year ending December 31, 2005. How would taxes affect centerings choice between these two methods for the financial statements? 1.

Straight-line method acting depreciation write off = Acquisition cost residual value Estimated useful life in years Depreciation expense per year 22,500 = 100,000 - 10,000 = 90,000 4 4 Straight Line Depreciation Yrs of the assets life Depreciati...If you want to get a full essay, order it on our website: Orderessay

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