On April 1,2008 , Sanders Construction paid ($ 10,000) for equipment with an estimated useful life of
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On April 1,2008 , Sanders Construction paid \(\$ 10,000\) for equipment with an estimated useful life of 10 years and a residual value of \(\$ 2,000\). The company uses the doubledeclining-balance method of depreciation and applies the half-year convention to fractional periods. In 2009 , the amount of depreciation expense to be recognized on this equipment is:
a. \(\$ 1,600\).
b. \(\$ 1,440\).
c. \(\$ 1,280\).
d. Some other amount.
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Financial & Managerial Accounting
ISBN: 9780073526997
15th Edition
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
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