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Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $100,000. The asset is expected to have a salvage value
Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $100,000. The asset is expected to have a salvage value of $20.000 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31. Year 2 will be Multiple Choice $36,000 $42.000 $54,000 $16,000 $90,000 Peavey Enterprises purchased a depreciable asset for $22,000 on April 1, Year 1. The asset will be depreciated using the straight-line method over its four-year useful life. Assuming the asset's salvage value is $2,000, what will be the amount of accumulated depreciation on this asset on December 31, Year 37 Multiple Choice $5,000 $15,000 $15,125 $20,000 $13,750 Suomi Peavey Enterprises purchased a depreciable asset for $22.000 on Apellyart. The asset wit be depreciated using the straight line method or its four year useful life, Assuming the asset's salvage values $2,000, what will be the amount of accumulated depreciation on this asset on December 31 Year 32 Multiple Choice 35.000 o $15.000 $15,120 $20.000 $13.750
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