Question 21 2 pts Zapp's Inc. purchased equipment for $60,000 on January 1, 2021. The salvage...

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Question 21 2 pts Zapp's Inc. purchased equipment for $60,000 on January 1, 2021. The salvage value is $1,400, and the estimated useful life is 5 years. The company usually uses the double- declining balance method for depreciation. What is the depreciation expense for 2022 for this asset? Question 22 3 pts At the beginning of the year, Bova's Inc, began constructing a new manufacturing plant The company had the following cash expenditures during the year related to the construction: $600,000 on March 1, $120,000 on May 1, and $160,000 on November 30. The building is still under construction at the end of the year. What is the weighted-average accumulated expenditure required for interest capitalization? Do not round any decimals during the calculation. Round the answer to the nearest dollar. Question 21 2 pts Zapp's Inc. purchased equipment for $60,000 on January 1, 2021. The salvage value is $1,400, and the estimated useful life is 5 years. The company usually uses the double- declining balance method for depreciation. What is the depreciation expense for 2022 for this asset? Question 22 3 pts At the beginning of the year, Bova's Inc, began constructing a new manufacturing plant The company had the following cash expenditures during the year related to the construction: $600,000 on March 1, $120,000 on May 1, and $160,000 on November 30. The building is still under construction at the end of the year. What is the weighted-average accumulated expenditure required for interest capitalization? Do not round any decimals during the calculation. Round the answer to the nearest dollar.

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To calculate the depreciation expense for 2022 using the doubledeclining balance method we first nee... View the full answer