Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. i need answer asap! a machine with a cost of $60,

I need answer ASAP! A machine with a cost of $60,500 has an estimated...

90.2K

Verified Solution

Question

Accounting

image

I need answer ASAP!

A machine with a cost of $60,500 has an estimated residual value of $4,537 and an estimated life of 5 years or 16,234 hours. What is the amount of depreciation for the second full year, using the double-declining-balance method? Oa. $24,200.00 Ob. $12,100.00 Oc. $22,385.20 Od. $14,520.00

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Of 31 children born of father-daughter matings, 6 died in infancy, 12 were abnormal and died...

Biology
Q

2CH4 + 4Cl2 = 2CHCL3 + 2HCL 1) If 5.5 CH4 react with 27.4 g CL2...

Chemistry
Q

Part 1: Solve the operation 75.38-18.62 in binary using two's complement. Use 6 bits for the...

Electrical Engineering
Q

Simple Plan Enterprises uses a periodic inventory system. Its records showed the following: Inventory, December 31, using...

Accounting
Q

Give an example of the type of distribution. J-shapedWhich of the following are examples of...

Basic Math
Q

X follows a Binomial probability distribution with parameters n= ___ and p = ___Complete the...

Basic Math
Q

Write the vector equation for computing the moment of force F about axis AB Will...

Statistics
Q

23.. A company's prime costs total $4,554,000 and its conversion costs total $5,560,000. If direct...

Accounting
Q

The balance sheet for Tactex Controls Inc., provincially incorporated in 2021, reported the following components...

Accounting
Q

Use the information given below to complete the following financial statements: 1.1 Statement of...

Accounting
Q

Question 1 Cosgrove Company manufactures two products, Product K-7 and Product L-15. Product L-15 is...

Accounting
Q

Describe what how cafeteria plans work. What is the advantage of them for the employee...

Accounting