Question
Use the following data: Asset cost $120,000 Expected life 4 years Estimated salvage value $12,000 Using the sum-of-the-years-digits method, the amount of depreciation for the
Use the following data:
| Asset cost | $120,000 |
| Expected life | 4 years |
| Estimated salvage value | $12,000 |
Using the sum-of-the-years-digits method, the amount of depreciation for the third year would be
a.$28,000.
b.$21,600.
c.$48,600.
d.$30,000.
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Cost Accounting Concepts And Applications For Managerial Decision Making
Authors: Ralph S. Polimeni, James A. Cashin, Frank J. Fabozzi, Arthur H. Adelberg
2nd Edition
0070103100, 978-0070103108
