Multiple Choice
Vinson Co.purchased machinery that was installed and ready for use on January 3, 2006, at a total cost of $69,000.Salvage value was estimated at $9,000.The machinery will be depreciated over five years using the double-declining balance method.For the year 2007, Vinson should record depreciation expense on this machinery of
A) $14,400.
B) $16,560.
C) $18,000.
D) $27,600.
Correct Answer:
Verified
Correct Answer:
Verified
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