The Pack Company purchased an office building for $9,000,000. The building had an estimated useful life of 40 years and an expec

Question

2 years ago

6

The Pack Company purchased an office building for $9,000,000. The building had an estimated useful life of 40 years and an expec

ted salvage value of $1,000,000. Calculate the depreciation expense for the second year using the double-declining balance method.

Business

1 answer:

xz_007 [3.2K] · Answer 1 · 2022-09-03T23:28:26+03:00

xz_007 [3.2K]2 years ago

8 0

<h2>Depreciation = Cost Price --Salvage/Useful Life</h2><h2>=9,00,000-1,00,000/40</h2><h2>=8,00,000/40</h2><h2>= 20,000</h2><h2 /><h3>Explanation:</h3><h3>Depreciation is 20,000</h3><h3></h3>