Question: PROBLEM 6 Please show work On June 1, 20X1, Apache Corp. purchases for $101,700 a machine for which it estimates a life of 4 years
| PROBLEM 6 | Please show work | ||||||||
| On June 1, 20X1, Apache Corp. purchases for $101,700 a machine for which it estimates a life of 4 years and a scrap value of $4,500. | |||||||||
| Apache uses Double Declining Balance (DB) Method of depreciation. | |||||||||
| year | year beginning book value | depreciation expense | accumulated depreciation | year end book vale |
| 20X1 | ||||
| 20X2 | ||||
| 20X3 | ||||
| 20X4 |
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