Question $1$

$1\mathrm{.}5$ ?pts

Fields Company purchased equipment on January $1$ ?for $$180,000.$ ?This system has a useful life of $8$ ?years and a salvage value of $$20,000.$ ?The company estimates that the equipment will produce $40,000$ ?units over its $8-$ytar useful life. Actual units produced are: Year $1-4,000$ ?units; Year $2-6,000$ ?units; Year $3-8,000$ ?units; Year $4-5,000$ ?units; Year $5-4,000$ ?units; Year $6-5,000$ ?units; Year $77,000$ ?units; Year $8-3,000$ ?units. What would be the depreciation expense for the first year of its useful life using the double$-$declining$-$balance method?

$$20,000.$

$$16,000.$

$$24,000.$

$$33,750.$

$$45,000.$

Compose

Inbox

$4,266$

Starred

Snoozed

Important

Sent

Drafts

Categories

$?$ ?Social

Updates

Forums $.$

Promotions

More

Labels