Question
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value
firm purchased a new piece of equipment with an estimated useful life of eight years. The cost of the equipment was $65,000. The salvage value was estimated to be $10,000 at the end of year 8. Using the Double-Declining Balance (DDB) Method, what is the amount of depreciation for year 3?
| A. | 3856.20 | |
| B. | 9140.63 | |
| C. | 11568.60 | |
| D. | 27421.88 |
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
17th Edition
1119613698, 978-1119613695
