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Equipment Account $400,000 Life in Years 4 Life in Units 1,000,000 Salvage Value $40,000 Units used in 2011 80,000 36. Using Double Declining Balance to
Equipment Account | $400,000 |
Life in Years | 4 |
Life in Units | 1,000,000 |
Salvage Value | $40,000 |
Units used in 2011 | 80,000 |
36. Using Double Declining Balance to depreciate the asset, we should record depreciation expense in 2012 of:
a.$200,000
b.$150,000
c.$100,000
d.$50,000
37. Assume we purchased the equipment on January 1, 2011. After two years using straight-line depreciation we determined that the useful life should have been six years. What should depreciation expense in 2013 (third year) be:
a.$22,500
b.$55,000
c.$45,000
d.$25,000
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