Question
A company purchased equipment for $60,000 on January 1, 2018. the estimated useful life fo the equipment is 5 years with a residual value of
A company purchased equipment for $60,000 on January 1, 2018. the estimated useful life fo the equipment is 5 years with a residual value of $5000 at the end of five years.
Using the double-declining balance method, depreciation expense for 2018 would be?
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Construction accounting and financial management
Authors: Steven j. Peterson
2nd Edition
135017114, 978-0135017111
