Question
Kegging& Canning Inc. acquired equipment on June30, 2013, for$175,000. The residual value is$35,000 and the estimated life is 5 years or40,000 hours. Compute the balance
Kegging& Canning Inc. acquired equipment on June30, 2013, for$175,000. The residual value is$35,000 and the estimated life is 5 years or40,000 hours. Compute the balance in Accumulated Depreciation as of December31, 2015, if Kegging& Canning Inc. uses the doubleminus
decliningminus
balance method of depreciation.
A.
$117,600
B.
$105,840
C.
$124,600
D.
$99,680
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Integrated Accounting
Authors: Dale A. Klooster, Warren Allen, Glenn Owen
8th edition
1285462726, 1285462721, 978-1285462721
