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A company purchases machinery on January 2, 2019 for $50,000. The company uses double-declining-balance (DDB) for depreciation with a 10 year useful life and
A company purchases machinery on January 2, 2019 for $50,000. The company uses double-declining-balance (DDB) for depreciation with a 10 year useful life and residual value of $5,000. As of December 31, 2020, the accumulated depreciation for the machinery is $18,000. What is the depreciation amount for 2021? $10,000 $9,000 $6,400 $5.400
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
