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    badinmath's Avatar
    badinmath Posts: 3, Reputation: 1
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    #1

    Jun 1, 2012, 04:58 PM
    depreciation 200% with half year convention
    need to compute depreciation expense for yrs 09-12
    200% declining balance using the half yr convention
    150% declining balance using the half yr convention

    purchased shelves on April 1, 09

    cost of shelving... 12,000
    freight charges... 520
    sales taxes... 780
    installation of shelving... 2,700

    they have 20 yr life and no residual value

    this is for a homework assignment in financial accounting. I just can not figure the problem out
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
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    #2

    Jun 2, 2012, 06:47 AM
    Is there any other information provided. What years were used for each rate of depreciation. Or what rate of depreciation are you required to use. The half year convention does not make sense at all.

    Also you should add all of costs incurred to purchase and install the shelving unit.
    badinmath's Avatar
    badinmath Posts: 3, Reputation: 1
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    #3

    Jun 2, 2012, 09:49 AM
    Quote Originally Posted by pready View Post
    Is there any other information provided. What years were used for each rate of depreciation. Or what rate of depreciation are you required to use. The half year convention does not make sense at all.

    Also you should add all of costs incurred to purchase and install the shelving unit.

    I gave all the information I have on this problem. But I did figure it out thank you
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