A company purchased factory equipment for $79,0000. It is estimated that the equipment will have a $62000
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Question:
A company purchased factory equipment for $79,0000. It is estimated that the equipment will have a $62000 salvage value at the end of its estimated 5-year useful life. If the company uses the double-declining-balance method of depreciation, the amount of annual depreciation recorded for the second year after purchase would be
$97600.
$195200.
$132000.
$220000.
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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