On January 1, 2018, Shark Company acquired equipment at a total cost of $66,000. The equipment had
Fantastic news! We've Found the answer you've been seeking!
Question:
On January 1, 2018, Shark Company acquired equipment at a total cost of $66,000. The equipment had a useful life of 5 years with a residual value of $6,000. Shark Company used Double-declining balance method. What is book value of the equipment as of end of 2019?
Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
Posted Date: