Question 1

Question 2

TB MC Qu. 08-171 (Algo) Mohr Company purchases a machine at... Mohr Company purchases a machine at the beginning of the year at a cost of $34,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 5 years with a $8,000 salvage value. The machine's book value at the end of year 2 is: Multiple Choice $15,600. $11,600. $13,600. $12,240. $20,400. TB MC Qu. 08-168 (Algo) Mohr Company purchases a machine at the... Mohr Company purchases a machine at the beginning of the year at a cost of $38,000. The machine is depreciated using the straight-line method. The nachine's useful life is estimated to be 5 years with a $7,000 salvage value. Depreciation expense in year 2 is: Multiple Choice $7,600. $6,200. $15,200. $31,000. $0