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Compute the depreciation for this asset for 2010 and 2011

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1. Depreciation Computations-SYD, DDB-Partial Periods Cosby Company purchased a new plant asset on April 1, 2010, at a cost of $774,000. It was estimated to have a service life of 20 years and a salvage value of $60,000. Cosby's accounting period is the calendar year.

(a) Compute the depreciation for this asset for 2010 and 2011 using the sum-of-the-years'-digits method.

(b) Compute the depreciation for this asset for 2010 and 2011 using the double-declining-balance method.

Reference no: EM131120109

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