Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. a machine with a cost of $60,000.00 has an estimat

A machine with a cost of $60,000.00 has an estimated residual value of $4,268.00 and...

60.1K

Verified Solution

Question

Accounting

A machine with a cost of $60,000.00 has an estimated residual value of $4,268.00 and an estimated life of 5 years or 16,090 hours. What is the amount of depreciation for the second full year, using the double declining-balance method?

Select the correct answer.

$22,292.80

$14,400.00

$12,000.00

$24,000.00

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

Other questions asked by students

Q

Nick paid off a $15,000 car loan over 3 years with monthly payments of $466.59 each....

Statistics
Q

Explain what physiological parameters the amplitude of pulse rate (BPM) would be correlated with and why?

Biology
Q

9. Define and briefly describe in the space below the processes of digital image capture, image...

Biology
Q

A steel wire is stretched with a definite load If the Young s modulus of...

Physics
Q

ccounts using direct write off method Journalize the following transactions in the accounts of Canyon...

Basic Math
Q

A regression equation for x = handspan (cm) and y = height (in.) is expressed...

Basic Math
Q

Divide using long division 25x 35x 30x 8 5x 2 OA x 5x 4 OB...

Algebra
Q

A cash budget, by quarters, is given below for a retail company (000 omitted). The...

Accounting
Q

A firm reports a net margin of 3.00%. The firm has 1,052,330.00 million shares outstanding....

Accounting
Q

1Do the terms debit and credit signify increase or decrease or can they signify either?...

Accounting
Q

El problema de Hershey ocurri hace ms de 20 aos y la tecnologa nos ha...

Accounting
Q

Question 2 Corsider the followina ins. mrvn stands for megawat hour, it is the unin...

Finance