Using the Sum-Of-The-Years'-Digits Method, Depreciation for 2010 and Book Value

question 56

Multiple Choice

Using the sum-of-the-years'-digits method, depreciation for 2010 and book value at December 31, 2010 would be:

• A)$19,200 and $22,800.
• B)$17,600 and $26,400.
• C)$19,200 and $28,800.
• D)$17,600 and $32,400.Depreciation, 2010 = ($72,000 6,000) 4/15 = $17,600 Book value, 12/31/10 = $72,000 22,000 17,600 = $32,400

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