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Ksju [112]
3 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]3 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>

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How much net income​ (or net​ loss) did Sunny experience for the​ year?

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Reduced demand will result in a drop in the equilibrium price and a reduction in supply. With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required. The equilibrium price will increase as the supply declines, while the quantity needed will go down.

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2 years ago
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