Answer:
$57,600
Explanation:
The computation of the depreciation expense under the Double-declining balance method is shown below:
First we have to find the depreciation rate which is shown below:
= 1 ÷ useful life
= 1 ÷ 5 years
= 20%
Now the rate is double So, 40%
In year 1, the original cost is $240,000, so the depreciation is $96,000 after applying the 40% depreciation rate
And, in year 2, the $144,000 × 40% = $57,600
The $144,000 is come from
= $240,000 - $96,000
= $144,000
The fact that differentiates Accenture from other companies is that its has acquired Microsoft's XR division to create a new platform which will change the way businesses interact.
<h3>What are Extended reality?</h3>
Extended reality relates to an immersive learning technologies such as virtual reality, augmented reality, mixed reality etc
In conclusion, the fact that differentiates Accenture from other companies is that its has acquired Microsoft's XR division to create a new platform which will change the way businesses interact.
Read more about Extended reality
<em>brainly.com/question/26507094</em>
Answer:
a. debit Depreciation Expense $ 290
credit Accumulated Depreciation $ 290
Explanation:
The depreciation has to be calculated for the month of December i.e one month.
The annual depreciation per the question is $ 3,480 so the monthly depreciation expense is $ 290.
The depreciation expense account is debited, and the credit is to accumulated depreciation account. The equipment account is not credited directly, This is to show the costs and the accumulated depreciation separately.
The equipment on the balance sheet is shown as net of accumulated depreciation.
