Question
1. equipment purchased january 1 costing $100,000 has an estimated salvage value of $10,000 and an estimated useful life of 5 years of 15,000 units.
1. equipment purchased january 1 costing $100,000 has an estimated salvage value of $10,000 and an estimated useful life of 5 years of 15,000 units. what is the amount of depreciation for the first full year under the straight-line method? a. $15,000 b. $18,000 c. $36,000 d. $40,000
2. equipment purchased january 1 costing $100,000 has an estimated salvage value of $10,000 and an estimated useful life of 5 years of 15,000 units. what is the amount of depreciation for the first full year under the double-declining balance method? a. $15,000 b. $18,000 c. $36,000 d. $40,000
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Frank Woods Business Accounting Volume 2
Authors: Frank Wood, Alan Sangster
10th Edition
0273693107, 978-0273693109
