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Question 11 Frey, Inc. purchased a machine for $450,000 on January 2, 2017. The machine has an estimated useful life of 4 years and a
Question 11 Frey, Inc. purchased a machine for $450,000 on January 2, 2017. The machine has an estimated useful life of 4 years and a salvage value of $50,000. The machine is being depreciated using the sum-of-the-years'-digits method. The December 31, 2019 asset balance, net of accumulated depreciation, should be: Not yet answered Points out of 3.00 Select one: a. $40,000 Flag question b. $45,000 c. $170,000 d. $90,000 e. $120,000 Question 12 Rye Co. purchased a machine with a four-year estimated useful life and an estimated 10% salvage value for $80,000 on January 1, 2012. In its income statement, what would Rye report as the depreciation expense for 2013 using the double-declining-balance method? Not yet answered Points out of 3.00 Select one: a. $9,000 Flag question b. $10,000 C. $18,000 d. $20,000 e. $40,000
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