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I can't seem to get the year 2021 correct even after following a similar example question Current Attempt in Progress Bonita Company purchased a new
I can't seem to get the year 2021 correct even after following a similar example question
Current Attempt in Progress Bonita Company purchased a new plant asset on April 1, 2020, at a cost of $738,000. It was estimated to have a service life of 20 years and a salvage value of $53,400. Bonita' accounting period is the calendar year. - Your answer is partially correct. Compute the depreciation for this asset for 2020 and 2021 using the sum of-the-years-digits method. (Round answers to O decimal places, e.g. 45,892.) 48900 Depreciation for 2020 $ Depreciation for 2021 $ 55987 e Textbook and Media COMMENTS FILES RUBRIC Apr 26 at 11:03 AM - Your answer is partially correct. Compute the depreciation for this asset for 2020 and 2021 using the double-declining-balance method. (Round answers to decimal places, e.g. 45,892.) Depreciation for 2020 Depreciation for 2021 55350 $ $ 66420 e Textbook and Media Save for Later Attempts: 3 of 4 used Submit Answer Your grade has been recorded in the Gradebook. Sun, Apr 26, 2020, 11:03:29 AM (America/New York-04:00) COMMENTS FILES RUBRICStep by Step Solution
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