Question: need explanation/work for these problems A company has the following information about an asset: a) Calculate accumulated depreciation at the end of the second year

A company has the following information about an asset: a) Calculate accumulated depreciation at the end of the second year of the asset's life under the Unitsoof-production method (round the depreciation rate to 2 decimal places) 280,00020,000)=260,000/400,000=50.65Y150.65120,000=78,000Y250.65100,000=65,000143,000 5143.000 b) Calculate depreciation expense for the 1" year of the assets life using the Double-declining. Balance Method: NBV=2/5280,0002/5=112,000 112,000 6. Revenue/Expense Recognition Recognize the amount of revenue or expense for the month October
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