Short Answer
A company purchased equipment valued at $825,000 on January 1.The equipment has an estimated useful life of seven years or six million units.The equipment is estimated to have a salvage value of $35,000.Assuming the double declining balance method of depreciation,what is the annual depreciation for the second year if .5 million units were produced?
Correct Answer:
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100%/7 = 14*2 = 28% DDB
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Correct Answer:
Verified
100%/7 = 14*2 = 28% DDB
Year ...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
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