Cutter Enterprises purchased equipment for $102,000 on January 1, 2013. The equipment is expected to have a
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Question:
Cutter Enterprises purchased equipment for $102,000 on January 1, 2013. The equipment is expected to have a five-year life and a residual value of $3,900. |
Using the sum-of-the-years'-digits method, depreciation for 2014 and book value at December 31, 2014 would be (Do not round depreciation rate per year): |
a) | $26,160 and $43,140. |
b) | $26,160 and $39,240. |
c) | $27,200 and $36,900. |
d) | $27,200 and $40,800. |
Related Book For
Financial Accounting
ISBN: 978-0077862268
2nd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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