The cost of an asset is $1,030,000, and its residual value is $260,000. Estimated useful life of
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The cost of an asset is $1,030,000, and its residual value is $260,000. Estimated useful life of the asset is ten years. Calculate depreciation for the second year using the double minus−declining minus−balance method of depreciation. (Do not round any intermediate calculations, and round your final answer to the nearest dollar.)
A. $77,000
B. $154,000
C. $103,000
D. $164,800
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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