Answer:
D) $600,000
Explanation:
The double-declining-balance method of depreciation = Depreciation factor x cost of asset
Depreciation factor = 2 x (1/useful life of the asset)
Depreciation factor = 2 / 5 = 0.4
Deprecation expense = 0.4 x $1,500,000 = $600,000
I hope my answer helps you
Answer:
what average for the industry
Explanation:
can i have a choise
Answer: I think she should choose D.
Explanation: D because, she should call the bank freeze all of her accounts before anyone can find her cards, and then she can get a new card.
Answer:
First year depreciation expense is $2,250
Explanation:
Total depreciation expense is given by:
Price - Salvage Value = 40,000 - 4,000 = 36,000
That $36,000 depreciation expense would be spread out for 200,000 miles.
So for the first year in which the truck is used 12,500 miles, the depreciation expense will be

Question answered.
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