Question
Concord Company purchased a new van for floral deliveries on January 1, 2020. The van cost $61000 with an estimated life of 5 years and
Concord Company purchased a new van for floral deliveries on January 1, 2020. The van cost $61000 with an estimated life of 5 years and $13600 salvage value at the end of its useful life. The double-declining-balance method of depreciation will be used. What is the balance of the Accumulated Depreciation account at the end of 2021?
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Frank Woods Business Accounting An Introduction To Financial Accounting
Authors: Alan Sangster, Lewis Gordon, Frank Wood
15th Edition
1292365439, 9781292365435
