Declining balance method related problem
Question: P Inc.purchased a $30,000 asset with a salvage value of $1,200 and an estimated useful life of three years. What is the book value at the end of years one and two using the 150% declining balance method?
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Determine the cost ratio (retail method) for T games and comics store if the cost of goods available for sale is $36,000
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What is the book value at the end of years one and two using the 150% declining balance method?
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