Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

EB7. LO 11.3 Kenzie purchased a new 3-D printer for $450,000. Although this printer is expected to last for ten years, Kenzie knows the technology

EB7. LO 11.3 Kenzie purchased a new 3-D printer for $450,000. Although this printer is expected to last for ten years, Kenzie knows the technology will become old quickly and so she plans to replace this printer in three years. At that point, Kenzie believes she will be able to sell the printer for $30,000. Calculate yearly depreciation using the double-declining-balance method. Solution Year 1: [($450,000 $?)/3] 2 = $?; Year 2: [($450,000 $?)/?] 2 = $?; Year 3: [($450,000 $?)/?] 2 = $?. However, the total that can be depreciated is ($450,000 $30,000) = $420,000. Therefore, in Year 3 the depreciation can only be $? ($420,000 $400,000) = $?.

can anyone answer this please?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Implementing Standardized Work Training And Auditing

Authors: Alain Patchong

1st Edition

146656363X, 978-1466563636

More Books

Students also viewed these Accounting questions