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that's all the info it provided for me Kurta Corporation reported net income of $68 million for 2018. Depreciation expense for the year totaled $34
that's all the info it provided for me
Kurta Corporation reported net income of $68 million for 2018. Depreciation expense for the year totaled $34 million. Kurta depreciates plant assets over eight years using the straight-line method with residual values of zero. Kurta paid $272 million for plant assets at the beginning of 2018. At the start of 2019, the company changed its method of accounting for depreciation to the double-declining-balance method. The year 2019 is expected to be the same as 2018, except for the change in depreciation method. Read the requirement. Requirement 1. If Kurta had been using double-declining-balance method of depreciation all along, how much net income could the company expect to earn during 2019? Ignore income taxes. (Enter amounts in millions as provided to you in the problem statement. Use a minus sign or parentheses to show a decrease in net income. Abbreviation used: DDB = double-declining-balance.) Millions Difference in depreciation for 2019: i Requirement 1. If Kurta had been using double-declining-balance method of depreciation all along, how much net income could the company expect to earn during 2019? Ignore income taxes. Change in net income Net income Kurta can expect for fiscal 2019 Print Done if the company uses DDB depreciationStep by Step Solution
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