Question
Cutter Enterprises purchased equipment for $72,000. The equipment is expected to have a 5-year life and a residual value of $6,000. Cutter uses the double-declining
Cutter Enterprises purchased equipment for $72,000. The equipment is expected to have a 5-year life and a residual value of $6,000. Cutter uses the double-declining method to estimate depreciation. Assume that the following information is true for year 4:
Year 4
Beginning NBV $15,552
Depreciation Exp. $6,221
Accum. Deprec. $62,669
Ending NBV $9,331
How much annual depreciation expense should Cutter record for year 5?
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Auditing In The Food Industry From Safety And Quality To Environmental And Other Audits
Authors: M Dillon, C Griffith
1st Edition
1855734508, 978-1855734500
