Question
The Fluffy Laundromat purchased new washing machines and dryers for $54,000. The machines are expected to last 4 years and have a residual value of
The Fluffy Laundromat purchased new washing machines and dryers for $54,000. The machines are expected to last 4 years and have a residual value of $12,000. Prepare a depreciation schedule by using the 150% declining-balance method.
| End of Year | Annual Depreciation | Accumulated Depreciation | Book Value |
| 1 | $ | $ | $ |
| 2 | $ | $ | $ |
| 3 | $ | $ | $ |
| 4 | $ | $ | $12,000 |
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Cutting Edge Internal Auditing
Authors: Jeffrey Ridley
1st Edition
0470510390, 978-0470510391
