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Original Cost * a-$11,000 b-$33,000 c-$44,000 d-$55,000 DDB Rate * a-29.85% b-35.5% c-40.0% d-40.5% Useful Life * a-3 years b-4 years c-5 years d-6 years
Original Cost *
a-$11,000
b-$33,000
c-$44,000
d-$55,000
DDB Rate *
a-29.85%
b-35.5%
c-40.0%
d-40.5%
Useful Life *
a-3 years
b-4 years
c-5 years
d-6 years
Salvage Value *
a-$4,000
b-$5,000
c-$6,000
d-$7,000
Depreciable Cost *
a-$25,000
b-$28,000
c-$45,000
d-$50,000
Depreciation method used *
a-Straight Line
b-Units of Activity
c-Declining Balance
The below is the depreciation schedule of equipment showing its first and last year only: Year Book Value (Year Start) DDB Rate Depreciation Accumulated Expense Depreciation 22,000 Book Value (Year End) 33,000 First Year Last Year 7,128 2,128 Specify the equipmentStep by Step Solution
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