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This a question to solve for accelerated depreciation. The dialogue is from the question in Solphia.org's Accounting course. Unit 4 - Challenge 1 Depreciation The
This a question to solve for accelerated depreciation. The dialogue is from the question in Solphia.org's Accounting course.
Unit 4 - Challenge 1 Depreciation
The machine that was used to produce notebooks cost $750,000 when it was purchased new one year ago. It has an expected life span of 10 years. The income statement showed the straight line deprecation rate as 10%.
Using double declining balance depreciation, the book value of the machine at the end of year two is __________.
- a.)$480,000
- b.)$330,000
- c.)$150,000
- d.)$600,000
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