Find the sum-of-the-years'-digits depreciation fraction for the first year.
-8 years

Question

Quizplus · Accepted Answer

The sum-of-the-years'-digits depreciation fraction is calculated by adding the digits of the number of years of the asset's useful life, starting with the highest digit in the first year and decreasing by one each year thereafter. In this case, the years are 8, 7, 6, 5, 4, 3, 2, and 1. Thus, the numerator of the depreciation fraction for the first year is 8, and the denominator is the sum of the digits from 8 to 1, which is 36. So the depreciation fraction for the first year is 8/36, which simplifies to 2/9 or 0.2222. Therefore, the correct answer is C.

Find the Sum-Of-The-Years'-Digits Depreciation Fraction for the First Year