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On October 1, 20x1, Bergen Inc. purchased a car for $33860. Bergen decided to use the diminishing balance method to depreciate the car at the
On October 1, 20x1, Bergen Inc. purchased a car for $33860. Bergen decided to use the diminishing balance method to depreciate the car at the rate 27 %. The expected residual value for the car is $6833. What would be the amount charged for depreciation by Bergen for the year ended December 31, 20x2? Select one: a. $ 6674 b. $ 2286 c. $ 9142 d. $ 8525 Check Tracker Inc. purchased equipment at a cost of $577234. The equipment's estimated useful life is 8 years. The estimated residual value of the asset is $58125. Using the double declining balance method, the net book value of the equipment at the end of year 3 will be: Select one: a. $386702 b. $218999 c. $324694 d. $243521
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