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Sati [7]
3 years ago
13

A fleet of refrigerated delivery trucks is acquired on January 5, 2017, at a cost of $900,000 with an estimated useful life of 1

0 years and an estimated salvage value of $81,000. Compute the depreciation expense for the first three years using the double-declining-balance method. (Round your answers to the nearest dollar.)
Business
1 answer:
gavmur [86]3 years ago
8 0

Answer:

depreciation expense 2017 = $180,000

depreciation expense 2018 = $144,000

depreciation expense 2019 = $115,200

Explanation:

purchase cost $900,000

estimated useful life 10 years

depreciation expense using double declining method = 2 x regular straight method depreciation rate x purchase cost

depreciation expense 2017 = 2 x 1/10 x $900,000 = $180,000

depreciation expense 2018 = 2 x 1/10 x $720,000 = $144,000

depreciation expense 2019 = 2 x 1/10 x $576,000 = $115,200

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Harman [31]

Answer:

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Explanation:

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dlinn [17]

Answer and Explanation:

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