Question: Question 32 (4 points) Bombardier Ltd. which has a December 31 year-end, purchased equipment at a cost of $140,000 on October 1, 2017 and a
Question 32 (4 points) Bombardier Ltd. which has a December 31 year-end, purchased equipment at a cost of $140,000 on October 1, 2017 and a building costing $3,200,000 on April 1, 2017. The equipment has a residual value of $10,000 and an estimated useful life of five years and is expected to produce 25,000 units over its useful life. The building has an estimated useful life of 30 years with a residual value of $200,000. REQUIRED - EQUIPMENT Calculate the depreciation expense for 2017 and 2018 on the equipment assuming the company uses the double-declining balance method (you do not have to record journal entries). Please show all your work. Round all calculations to TWO decimal places. 0 Format V BIU- ^ * View hint for Question 32 MacBook Air
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