Reference no: EM13771118
A tractor for over-the-road hauling is purchased for $95,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000.00. Calculate the depreciation deduction and the unrecovered investment during each year of the tractors life.
Please show all calculations/equations
a) Use straight-line depreciation. Provide depreciation and book value for year 6.
depreciation for year 6 =
book value for year 6 =
b) Use declining-balance depreciation, with a rate that ensures the book value equals the salvage value. Provide depreciation and book value for year 6.
Depreciation for year 6 =
book value for year 6 =
c) Use double declining balance depreciation. Provide depreciation and book value for year 6
Depreciation for year 6 =
book value for year 6 =
d) Use double declining balance, switching to straight-line depreciation. Provide depreciation and book value for year 6.
Depreciation for year 6 =
book value for year 6 =
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: A tractor for over-the-road hauling is purchased for $95,000.00. It is expected to be of use to the company for 6 years, after which it will be salvaged for $4,000.00. Calculate the depreciation deduction and the unrecovered investment during each ye..
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