Question
ABC Company purchased an equipment on September 1, 2015 for $230,000. The salvage value of the equipment is $10,000 and the estimated useful life is
ABC Company purchased an equipment on September 1, 2015 for $230,000. The salvage value of the equipment is $10,000 and the estimated useful life is 10 years. What is the book value of the equipment at December 31, 2016, if the company uses sum-of-years-digits method to record depreciation? a. $154,000 b. $178,000 c. $190,000 d. $160,000
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Auditing Basics
Authors: 3G E-Learning
1st Edition
1984624261, 978-1984624260
