Tidy Limited purchased a new van on January 1, 2018. The van cost $20,000. It...
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Accounting
Tidy Limited purchased a new van on January 1, 2018. The van cost $20,000. It has an estimated life of Five years and the estimated residual value is $5,000. Tidy uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2019? Multiple Choice $12,800. $4,800 oooo $3,200 $9,600. Tonto Company purchased property for $140,000. The property included a building, equipment and land. The building was appraised at $78,000, the land at $53,000, and the equipment at $26,000. What is the amount of cost to be allocated to the building in the accounting records? (Round your intermediate calculations to 3 decimal places.) Multiple Choice O so $69,580 $140,000 $78,000
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