Halcrow Yolles purchased equipment for new highway construction in Manitoba, Canada, costing $430,000 Canadian. The estimated salvage at the end of the expected life of 6 years is $50,000. Various acceptable depreciation methods are being studied currently. Determine the depreciation for year 2 using the DDB(Double Declining Balance), 150% DB(Declining Balance), and SL(Straight Line Depreciation) methods.
Determine the depreciation by hand.
The depreciation using SL method is determined to be $ .
The depreciation using DDB method is determined to be $ .
The depreciation using 150% DB method is determined to be $.
Determine the depreciation using spreadsheet functions.
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