Question
A company bought a machine for $75,000 on April 1, 2017. The estimated useful life was five years, and the salvage value was $3,000. Assume
A company bought a machine for $75,000 on April 1, 2017. The estimated useful life was five years, and the salvage value was $3,000. Assume that the estimated useful life in productive
units is 120,000. Units actually produced were 18,000 in 2017 and 30,000 in 2018.
If the company uses the double-declining balance method, determine depreciation expense for the year ending December 31, 2018.
| A | $18,000 | |
| B | $21,000 | |
| C | $43,500 | |
| D | $17,280 | |
| E | $26,250 |
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Business Accounting Uk Gaap Volume 1
Authors: Frank Wood, Alan Sangster
1st Edition
0273718762, 9780273718765
