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Use the following asset information to answer the question below. Purchase Price $85,000 Salvage Value $25,000 Estimated Life 5 years Estimated Total Units 50,000 units
Use the following asset information to answer the question below.
Purchase Price | $85,000 |
Salvage Value | $25,000 |
Estimated Life | 5 years |
Estimated Total Units | 50,000 units |
Actual Units Year 1 | 10,500 units |
Actual Units Year 2 | 11,000 units |
Assume the double-declining-balance method is used, and the asset was purchased on January 1, 2021. How much is depreciation expense for Year 2?
Question 19 options:
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$10,200
|
|
$12,200
|
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$24,400
|
|
$20,400
|
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