Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. b&b company purchased a minicomputer on januar

B&B Company purchased a minicomputer on January 1, 2015, at a cost of $50,000. The...

50.1K

Verified Solution

Question

Accounting

B&B Company purchased a minicomputer on January 1, 2015, at a cost of $50,000. The computer was depreciated using the sum-of-the-years-digits method over an estimated eight-year life with an estimated residual value of $3,200. On January 1, 2017, the estimate of useful life was changed to a total of six years, and the estimate of residual value was changed to $1,000. What is the amount of depreciation expense for year 2017?

a. $14,400 b. $12,500 c. $11,800 d. $10,400

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

Physics
1.2K views

Let current i 2 A be flowing in each part of a wire frame as...

Basic Math
1.2K views

Find the area of an obtuse triangle with a base of 8 inches and a...

Calculus
1.2K views

3 Use Simpson s Rule in Maple with n 32 to approximate the integral Vsin...

Calculus
1.2K views

Find f x for the given function f x 7x

Algebra
1.2K views

4x Michael has a drawer with 8 pairs of black socks and 12 pairs of...

Algebra
1.2K views

Suppose that y varies inversely as the 4th power of x and that y 25...

Accounting
1.2K views

Problem 10-2A Bramble Corporation sells...

Accounting
1.2K views

Allowance Method Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:...

Accounting
1.2K views

The Xu Corporation uses a periodic Inventory system. The company has a beginning inventory of...

Accounting
1.2K views

Please provide work and answers in spreadsheet format, thanks! Use the information...

Finance
1.2K views

the last person gave those answers and they incorrect Consider the...

Finance
1.2K views

Note: Where applicable, use the present value tables provided in APPENDICES 1 and 2 that...