3 depreciation expense is closest to:A. $27 200B.$
3 depreciation expense is closest to:
A. $27,200
B.$16,320
C. $9,792
参考解答
Ans:C
Double-declining balance method does not consider salvage value when calculating depreciation. So depreciation expense on:
Year 1= 2/5($68,000-0)= $27,200
Year 2= 2/5($68,000-27,200)=$16,320
Year 3= 2/
相似问题
The effects on a firm’s financial statement in the
The effects on a firm’s financial statement in the initial year when cost of an asset is expensed rather than capitalized
The following are excerpts from Bao Inc. financia
The following are excerpts from Bao, Inc financial statements related to its fixed assets activity for the fiscal year ende
An analyst is comparing the financial statements o
An analyst is comparing the financial statements of Company A and Company B both companies have incurred expenses of approx
Which statement regarding sinking funds is least l
Which statement regarding sinking funds is least likely correct?A Sinking fund provisions require the retirement of a portion
A bond market analyst states “The current term st
A bond market analyst states, “The current term structure of interest rates is upward sloping which implies the market beli
