Bravo Co. bought a machine costing $62,000 on July 1, 2016. Salvage value was estimated to...
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Bravo Co. bought a machine costing $62,000 on July 1, 2016. Salvage value was estimated to be $2,000, a five- year life was determined, and 150%-declining-balance depreciation was used. The balance of the accumulated depreciation account on December 31, 2017 is O a. $31,620 O b. $9.300 O c. $25,110 O d. $15,810 Bravo Co. bought a machine costing $62,000 on July 1, 2016. Salvage value was estimated to be $2,000, a five- year life was determined, and 150%-declining-balance depreciation was used. The balance of the accumulated depreciation account on December 31, 2017 is O a. $31,620 O b. $9.300 O c. $25,110 O d. $15,810
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Answer c 25110 Depreciation rate for double declining ba... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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