Answer
(A) Depreciation FY 2017 - sum of digits
Rate = (8(8+1))/2 = 36
(80,000-8000)*8/36 = 16,000.00
(B) Depreciation FY 2017 - sum of digits (9 months)
{(80,000-8000)*8/36} * 9/12 = 12,000.00
Work Step by Step
As illustrated above.
Intermediate Accounting (16th Edition)
by Kieso, Donald E.; Weygandt, Jerry J.; Warfield, Terry D.
Published by
Wiley
ISBN 10:
1118743202
ISBN 13:
978-1-11874-320-1
Chapter 11 - Depreciation, Impairments, and Depletion - Review and Practice - Brief Exercises - Page 584: BE11-3
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