Lavery company purchased a machine that was installed and placed in service on july 1, year 1 at a cost of $240,000. salvage v

Question

3 years ago

7

Lavery company purchased a machine that was installed and placed in service on july 1, year 1 at a cost of $240,000. salvage v

alue was estimated at $40,000. the machine is being depreciated over 10 years by the double declining balance method. for the year ended december 31, year 2, what amount should lavery report as depreciation expense?

Business

1 answer:

inysia [295] · Answer 1 · 2021-12-01T08:24:14+03:00

inysia [295]3 years ago

7 0

$43,200

Good luck. =]

Lavery company purchased a machine that was installed and placed in service on july​ 1, year 1 at a cost of​ $240,000. salvage v

Lavery company purchased a machine that was installed and placed in service on july 1, year 1 at a cost of $240,000. salvage v