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Double-Declining-Balance Depreciation Expense
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Equipment is purchased for $80,000. It has an 8 year useful life and $39000 residual value. Under the doubl-declining-balance method, what is the depreciation expense for year 3? a. 6,000 b. 48,000 c. 11,250 d. 8,436 I keep coming up with 11250, but the book says the answer is 6,000. The...
Double-Declining-Balance Depreciation Expense
[ 1 Answers ]
Equipment is purchased for $80,000. It has an 8 year useful life and $39000 residual value. Under the doubl-declining-balance method, what is the depreciation expense for year 3? a. 6,000 b. 48,000 c. 11,250 d. 8,436 I keep coming up with 11250 but according to the teacher the answer is...
Declining balance depreciation method
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same question as before someone asked but I want to find out what is written in the last year (6th year) of the 200% declining balance depreciation method because it wasn't stated, for example machine was purchased on September 1st 2004 for 108000$ , estimated useful life 5 years, and residual... View more questions Search
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