The Rubio Company purchased a truck for $50, 000 on October 10, 2010.The truck has a salvage value of $5, 000 and an eight-year useful life.The company uses double-declining-balance depreciation.
Required:
Compute depreciation expense for 2010 using the
a. nearest whole month method
b. nearest whole year method
c. half-year convention method

Question

The Rubio Company purchased a truck for $50, 000 on October 10, 2010.The truck has a salvage value of $5, 000 and an eight-year useful life.The company uses double-declining-balance depreciation.
Required:
Compute depreciation expense for 2010 using the
 a. nearest whole month method
b. nearest whole year method
c. half-year convention method

Quizplus · Accepted Answer

The Answer of The Rubio Company purchased a truck for $50, 000 on October 10, 2010.The truck has a salvage value of $5, 000 and an eight-year useful life.The company uses double-declining-balance depreciation.
Required:
Compute depreciation expense for 2010 using the
 a. nearest whole month method
b. nearest whole year method
c. half-year convention method

The Rubio Company Purchased a Truck for $50, 000 on October