PrestigeWorldWide

[PrestigeWorldWide]

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Thanks for the replies, this was very helpful.

[PrestigeWorldWide]

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Thanks, I appreciate the clarification

[PrestigeWorldWide]

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Further in the text, the below question is asked. Am I missing something? Does the double decline balance method not account for an asset’s salvage value?

Supernova’s depreciation expense for 2009 under the straight line method is closest to:

1. $101,875

2. $109,375

3. $81,500

Answer: A

Depreciation expense = (Cost – Residual Value) / Useful life

Depreciation expense = (875,000 – 60,000) / 8 = $101,875

(Wiley 25-26)

Wiley. Practice Questions for 2015 Level I CFA Exam. John Wiley & Sons P&T, 2014-08-27. VitalBook file.

[PrestigeWorldWide]

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Ending up purchasing the EduPrisine Course. If anyone is interested in buying it let me know and I’ll let you know and I’ll post a quick review

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