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Gotcha Company Ltd acquired equipment on April 1, 2015, for $300,000. The residual value of the equipment is $30,000 and the estimated life is six
Gotcha Company Ltd acquired equipment on April 1, 2015, for $300,000. The residual value of the equipment is $30,000 and the estimated life is six years or 120,000 hours. Referring to Table 10-3, what will the amortization expense be for the year ended December 31, 2015 if Gotcha Company Ltd uses double-declining - balance amortization? RELLID O A $67 500 OB. $90.000 OC. $100.000 OD. 575.000
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