How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask linda_us Your Own Question

linda_us, Master's Degree
Category: Single Problem
Satisfied Customers: 787
Experience:  A tutor for Business, Finance, Accounts and other related topics.
Type Your Single Problem Question Here...
linda_us is online now
A new question is answered every 9 seconds

Gear Inc. purchased equipment costing $420,000 with an estimated

Customer Question

Gear Inc. purchased equipment costing $420,000 with an estimated residual value of $20,000 and a useful life of eight years on May 1, 2009. Gear Inc. is a calendar-fiscal year and computes depreciation to the nearest month (the firm does not use a convention approach to fractional depreciation).
Compute depreciation for the equipment for fiscal years 2009 and 2010 under the sum-of-years' digits (SYD) method and the double declining balance (DDB) method. Place your amounts rounded to the nearest dollar in the appropriate columns.
2009 2010
Submitted: 6 months ago.
Category: Single Problem
Expert:  linda_us replied 6 months ago.
Welcome to site. I can help you with this question. Please let me know your deadline.

Related Single Problem Questions