Gradone Company acquired a dump truck that cost $65,000. The company estimated it could sell the...
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Gradone Company acquired a dump truck that cost $65,000. The company estimated it could sell the truck for $11,000 at the end of its estimated life of 5 years. Assuming double declining balance depreciation, determine the selling price of the truck if it is sold for a gain of $11,000 gain at the end of its second full year of use? $32,400 А. В. $34,400 С. $30,600 D. $30,440 Gradone Company acquired a dump truck that cost $65,000. The company estimated it could sell the truck for $11,000 at the end of its estimated life of 5 years. Assuming double declining balance depreciation, determine the selling price of the truck if it is sold for a gain of $11,000 gain at the end of its second full year of use? $32,400 А. В. $34,400 С. $30,600 D. $30,440
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Correct option is B 34400 Cost 65000 Life in Years Double declining Depreciation Rate SLM ... View the full answer
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Project Management A Managerial Approach
ISBN: 978-0470226216
7th Edition
Authors: Jack R. Meredith, Samuel J. Mantel,
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