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Alton Corp _Computations of Depreciation




Question;On May 1, 2012 Alton Corp purchased mining;equipment by issuing an 8 year note with 8% interest and annual payments of;$4,600. The first of the 8 pmts was made up front. The mining equipment will be;worth $4,200 at the end of the 8 years and sold for that amount. Please;calculate depreciation for 2012 and 2013 using straight-line, double-declining;balance and sum of the years' digits methods.


Paper#44644 | Written in 18-Jul-2015

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