Question
A machine with a cost of $61,100 has an estimated residual value of $4,558 and an estimated life of 5 years or 15,548 hours. What
A machine with a cost of $61,100 has an estimated residual value of $4,558 and an estimated life of 5 years or 15,548 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?
a.$22,617
b.$14,664
c.$24,440
d.$12,220
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Financial Accounting
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
7th Edition
978-0470477151, 978-0-470-5562, 470556242, 0-470-55624-2, 9780470556245, 978-0470507018
