Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a machine with a cost of $125,000 has an estimated

A machine with a cost of $125,000 has an estimated residual value of $9,000 and...

90.2K

Verified Solution

Question

Accounting

A machine with a cost of $125,000 has an estimated residual value of $9,000 and an estimated life of 4 years or 21,000 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The following is an mRNA sequence Which of the following sets of anticodons would be...

Basic Math
1.2K views

1. A function y = f(x) has a hole whose coordinates occur at (3/2 ,...

Basic Math
1.2K views

Multi Step Equations Riddle Directions Solve each equation Then write the letter above the line...

Calculus
1.2K views

For the graph of y f x shown to the right find the absolute minimum...

Algebra
1.2K views

nd unit vectors that satisfy the given conditions:1. The unit vector in the same direction...

Accounting
1.2K views

Haywood Inc. reported the following information for 2019: Beginning inventory $25,000 Ending inventory 50,000 Sales...

Accounting
1.2K views

When the physical count of Sheridan Company inventory had a cost of $4290 at year...

Accounting
1.2K views

what is the ending balancs in retained earnings? Lorna Company...

Accounting
1.2K views

Unit Cost 80 90 Total Cost 9,600 34,200 Beginning inventory Purchase Sale Sale Purchase Date...

Finance
1.2K views

$VISION $LINE:NAME TSYSCODE Cost ($MM) Demand PT NTTT PT...

Finance
1.2K views

Bankrate.com reported on a shocking statistic: only 54% of workers participate in their companys retirement...

Finance
1.2K views

The Anchorage Corp. is considering a three-year project. Assume constant depreciation (straight-line) with zero salvage...