Find the first year depreciation use double-declining method

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Problem 1: A residential irrigation system costs $8000 with a lifetime of 8years and a scrap value of $500.

a. Use the straight-line depreciation method to find the first year's depreciation.

b. Use the double-declining depreciation method to find the first year's depreciation.

Problem 2: Joe earns a salary of $865 per week plus a commission of 5% of sales up to $20,000 and a commission of 7% for all sales over $20,000 made during the week. If Joe has sales of $28,500 in one week, what is his weekly pay?

Reference no: EM132770315

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