two accounting small questions

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pictures from 2 to 4 are for question 1

 

  • if the initial cost is $33,000, life is 6.5 years, and residual value is $500,

 

  1. Annual Depreciation Expense 
  2. Book value at the end of Year 2. 

 

pictures from 5 to 9 are for question 2

 

  • if the initial asset value is $100,000, volume is 700,000 pounds and the pounds extracted during the first year is 50,000. 

 

  1. Annual Depletion Expense 
  2. Value at the end of Year 2. 

 

 

  • 10 years ago
  • 3
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