Question
Cutter Enterprises purchased equipment for $45,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $4500.
Cutter Enterprises purchased equipment for $45,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $4500. Using the double-declining balance method, the book value at December 31, 2019, would be:
| $9000. | ||
| $16,200. | ||
| $17,400. | ||
| $15,300. | ||
| None of the above |
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Food And Beverage Cost Control
Authors: Lea R. Dopson, David K. Hayes, Jack E. Miller
4th Edition
0471694177, 978-0471694175
