FAKE5727 FAKE5727

29-04-2024
Business

Answered

Nicholson purchased a piece of equipment on for$60,000. The equipment has an estimated usefullife of eight years or 50,000 units of productionand an estimated salvage value of $6,000.The amount of depreciation to be recorded for year 1 using the double-declining balance method, is
A.$13,500.
B.$ 6,000.
C.$15,000.
D.$12,000.

Answer :

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