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how to solve using double declining balance method for both. thank you 13) On January 2, 2023, Saminski, Inc., acquired equipment for $700,000. The estimated
how to solve using double declining balance method for both. thank you
13) On January 2, 2023, Saminski, Inc., acquired equipment for $700,000. The estimated life of the equipment is 5 years. The estimated residual value is $10,000. What is the Accumulated Depreciation of the equipment on December 31,2024 , if Saminski uses the double-declining-balance method of depreciation? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar.) A) $280,000 B) $448,000 C) $276,000 D) $168,000 14) On January 2, 2023, Santa, Inc., acquired equipment for $220,000. The estimated life of the equipment is 8 years. The estimated residual value is $22,000. What is the Accumulated Depreciation of the equipment on December 31, 2025, if Santa uses the double-declining-balance method of depreciation? (Round intermediary calculations to two decimal places and your final answer to the nearest dollar.) A) $55,000 B) $41,250 C) $30,937.5 D) $127,187.5 Step by Step Solution
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