Business, 13.11.2019 01:31, theblackdot16
Sandblasting equipment acquired at a cost of $40,000 has an estimated residual value of $8,000 and an estimated useful life of eight years. it was placed into service on april 1 of the current fiscal year, which ends on december 31.
a. determine the depreciation for the current fiscal year and for the following fiscal year by the straight-line method.
depreciation
year 1 $
year 2 $
b. determine the depreciation for the current fiscal year and for the following fiscal year by the double-declining-balance method.
depreciation
year 1 $
year 2 $
Answers: 1
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Sandblasting equipment acquired at a cost of $40,000 has an estimated residual value of $8,000 and a...
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