Question
A company has office equipment costing $10,000. The book value of the equipment after one year, using the constant percentage method of depreciation, is $8000.
A company has office equipment costing $10,000. The book value of the equipment after one year, using the constant percentage method of depreciation, is $8000. What is the total depreciation at the end of 3 years?
- A.
$6000
- B.
$5120
- C.
Cannot be determined
- D.
$4880
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
15th edition
978-1118159644, 9781118562185, 1118159640, 1118147294, 978-1118147290
