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What is the rate of depriciation on refigerator

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Q: What is the Rate of depreciation on refrigerator?
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What is the rate of depreciation of refrigerator?

What is the rate of depriciation on refigerator


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What is the amount of the annual depreciation computed by the straight-line method for a refrigerator used by a meat processor that cost 198500 and estimated value of 30500 with a useful life of 15yrs?

The annual depreciation for the refrigerator using the straight-line method would be calculated as follows: (Cost of the refrigerator - Estimated salvage value) / Useful life = ($198,500 - $30,500) / 15 years = $168,000 / 15 years = $11,200 per year.


If the 150 percent declining balance method is used and an asset has a useful life of 20 years what is the depreciation rate?

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What are the advantages and disadvantages of depreciation?

An advantage of depreciation is being able to have a tax deduction. A disadvantage is not being able to calculate the rate of depreciation for each year.


How do you calculate depreciation using Written Down Value Method?

To calculate depreciation using the Written Down Value method, you start with the initial cost of the asset, subtract the accumulated depreciation from previous periods, then apply the depreciation rate to the remaining value. The formula is: Depreciation expense = (Beginning book value - Salvage value) x Depreciation rate. This method allows for higher depreciation expenses in the early years of an asset's life.


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