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MrMuchimi
2 years ago
8

Jasmine Company purchased a depreciable asset for $225,000. The estimated salvage value is $15,000, and the estimated useful lif

e is 8 years. The double-declining balance method will be used for depreciation. What is the depreciation expense for the second year on this asset
Business
1 answer:
ICE Princess25 [194]2 years ago
8 0

Answer:

$225,000 × [(1 ÷ 8) × 2] = $56,250 ($225,000 - $56,250) × [(1 ÷ 8) × 2] = $42,188 is the correct answer.

Explanation:

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Explanation:

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The interest which is deducted in year 0 under the cash method of accounting is $570

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3 years ago
During 2017, Ziplock Manufacturing expected Job No. 89 to cost $700,000 in overhead, $1,000,000 in direct materials, and $500,00
irga5000 [103]

Answer:

a. not able to be determined from the provided information.

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Company X wants to borrow $10,000,000 floating for 5 years. Company Y wants to borrow $10,000,000 fixed for 5 years. Their exter
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Answer:

The answer is:

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