Question
Raptor Construction purchases a bulldozer for $235,000 on January 1st, 2016. Raptor Construction estimates that the bulldozer will last 20 years and have a salvage
Raptor Construction purchases a bulldozer for $235,000 on January 1st, 2016. Raptor Construction estimates that the bulldozer will last 20 years and have a salvage value of $1000. Round all answers to the nearest dollar and use the following number format: 12345. No commas, no dollar signs.
Using double-declining-balance method for depreciation, calculate the depreciation expense for the 2017. Note that this is the second year of operation.
Using the double-declining-balance method for depreciation, calculate the book value of the machinery at the end of 2017 (December 31, 2017). Note that this is after the second year of operation.
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