Question
A machine with a cost of $57,600 has an estimated residual value of $3,002 and an estimated life of 5 years or 16,853 hours. What
A machine with a cost of $57,600 has an estimated residual value of $3,002 and an estimated life of 5 years or 16,853 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?
a.$13,824.00
b.$23,040.00
c.$11,520.00
d.$21,839.20
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Financial Accounting Tools For Business Decision Making
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
8th Edition
1119316022, 978-1119316022
