Cutter Enterprises purchased equipment for $81,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $4,500.
Cutter Enterprises purchased equipment for $81,000 on January 1, 2021. The equipment is expected to have a five-year life and a residual value of $4,500.
Using the sum-of-the-years'-digits method, depreciation for 2022 and book value at December 31, 2022, would be:
a. 20400 & 35100
b. 20400 & 30600
c. 21600 & 27900
d. 21600 & 32400
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Authors: Kurt Heisinger, Joe Ben Hoyle
2nd edition
1453375723, 1453375724, 978-1453375716
