Question
A machine with a cost of $56,100 has an estimated residual value of $3,710 and an estimated life of 5 years or 19,563 hours. What
A machine with a cost of $56,100 has an estimated residual value of $3,710 and an estimated life of 5 years or 19,563 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?
a. $11,220.00
b. $22,440.00
c. $13,464.00
d. $20,956.00
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Financial Accounting
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
8th Edition
1118484320, 978-1118484326
