A four-door sedan costs$35000 with a residual value of $2000. Its service life is five years. Using the declining balance method at twice the straight-line rate, the book value at the end of year 2 is?

At the end of the 2 year, the book value of the truck is $12,600

Step-by-step explanation:

we know that

Double declining balance method is a form of an accelerated depreciation method in which the asset value is depreciated at twice the rate it is done in the straight-line method.

Step 1

Determine the straight-line depreciation rate

Divide the total cost by the number of years in the asset's useful life.

Step 2

Then, multiply that number by 2 and that is your Double-Declining Depreciation Rate

-----> is the depreciation for Year 1

Step 3

At the end of the first year, the book value of the truck is

Step 4

For Year 2, we will apply the same formula to the book value of the truck by the end of Year 1

-----> is the depreciation for Year 2

therefore

At the end of the 2 year, the book value of the truck is

answer: city needs 2.4 inches of rainfall more to match the record of 40 inches.

step-by-step explanation:

since we have given that

total annual rainfall a city record = 40 inches

this year, total rainfall recorded = 37.6 inches

number of inches of rainfall   is needed to match the record of 40 inches is given by

hence, city needs 2.4 inches of rainfall more to match the record of 40 inches.

idk lol xd

step-by-step explanation:

ez do it yourself lazy