Question
Harley Davis Inc. started its unicycle manufacturing business in 2018 and acquired $600,000 of equipment at the beginning of 2018. It decided to use the
Harley Davis Inc. started its unicycle manufacturing business in 2018 and acquired $600,000 of equipment at the beginning of 2018. It decided to use the double-declining balance (DDB) depreciation on its equipment with no residual value and a 10-year useful life. In 2020 it changed to the straight-line depreciation method. Depreciation computed for 2018-2019 is presented below:
Year DDB
2018 $120,000
2019 96,000
In 2020, what would Harley Davis report for depreciation expense?
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Risk Management In Organisations An Integrated Case Study Approach
Authors: Margaret Woods
2nd Edition
1138632333, 9781138632332
