Question
On January 2, 2016, Karens Culinary Delights purchased a piece of equipment for $42,000 with a useful life of seven years and a residual value
On January 2, 2016, Karens Culinary Delights purchased a piece of equipment for $42,000 with a useful life of seven years and a residual value of $6,000. If Karen's used the sum-of-the-years'-digits method with the half-year convention, depreciation expense for 2016 was
|
| a. | $9,000.00 |
|
| b. | $10,500.00 |
|
| c. | $5,250.00 |
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| d. | $4,500.00
|
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Intermediate Accounting principles and analysis
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
2nd Edition
471737933, 978-0471737933
