Intermediate Accounting 14th Edition

by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.

Published by Wiley

ISBN 10: 0470587237

ISBN 13: 978-0-47058-723-2

Chapter 11 - Depreciation, Impairments, and Depletion - Questions - Page 635: 15

Answer

Depreciation for 2013= 3,000

Work Step by Step

25% straight-line rate X 2 = 50% double-declining rate 8,000 X 50% = 4,000 Depreciation for first full year. 4,000 X 6/12 = 2,000 Depreciation for half a year (first year),2012 6,000 X 50% = 3,000 Depreciation for 2013.

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