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1 . 5 On July 1 , 2 0 1 8 , Mundo Corporation purchased factory equipment for $ 6 0 , 0 0 0

1.5 On July 1,2018, Mundo Corporation purchased factory equipment for $60,000. Residual value was estimated at $5,000. The equipment will be depreciated over years using the double -declining-balance method. Counting the year of acquisition as one-half year, Mundo should record 2018 depreciation expense ofA. $12,000B. $24,000C. $18,000D. $9,000
1.7 On January , Year 1Hills purchased equipment for \$400,000. The equipment had an estimated useful life of ten years and an estimated residual value of 50,000. Use the double -declining-balance method to answer the following question(s)Refer to Exhibit 11-1. How much depreciation should Hills record on the asset in year 1? A.35,000 b.80,000 C.70,000 D.60,000
1.9 The Chuck Company purchased a truck on January 1,2018. The truck cost $100,000 and was has a useful life of 5 years. Chuck uses the 150%-declining-balance depreciation method. What amount of depreciation should Chuck record on the truck in 2018 A.53,000B.46,000C.35,333D.30,000
1.15 Browning purchased a business copier for $5,500 on August 3,2020. It has an estimated residual value of $500 and an expected service life of five years. Browning uses double - declining -balance depreciation computed to the nearest whole month. Depreciation expense for 2020 wasA. 750B.667C.600D.917

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