Using the sum-of-the-years-digits method

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Reference no: EM13775157

Judds Company purchased a new plant asset on April 1, 2014, at a cost of $1,507,320. It was estimated to have a service life of 20 years and a salvage value of $127,200. Judds accounting period is the calendar year.

Compute the depreciation for this asset for 2014 and 2015 using the sum-of-the-years'-digits method. (Round answers to 0 decimal places, e.g. 45,892.)

Depreciation for 2014:

Depreciation for 2015:

Compute the depreciation for this asset for 2014 and 2015 using the double-declining-balance method.

Depreciation for 2014:

Depreciation for 2015:

Reference no: EM13775157

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Using the sum-of-the-years-digits method : Judds Company purchased a new plant asset on April 1, 2014, at a cost of $1,507,320. It was estimated to have a service life of 20 years and a salvage value of $127,200. Judds accounting period is the calendar year. Compute the depreciation for this ..

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