Question
A machine which cost $700,000 is acquired on October 1, 2020. Its estimated salvage value is $70,000 and its expected life is 4 years. (a1)
A machine which cost $700,000 is acquired on October 1, 2020. Its estimated salvage value is $70,000 and its expected life is 4 years.
(a1)
Calculate depreciation expense for 2020 and 2021 by double-declining balance. (Round answers to 0 decimal places, e.g. 5,275.)
| 2020 | 2021 | |
| Depreciation expense | $ | $ |
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Microeconomics Theory And Applications
Authors: Edgar K. Browning, Mark A. Zupan
13th Edition
1119368928, 9781119368922
