eato.mheducation.com/hm.tpx Other Bookm \"i Microbiolegy lab lab P Anatomy Lab M

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eato.mheducation.com/hm.tpx Other Bookm "i Microbiolegy lab lab P Anatomy Lab M Anatomy lectureNYU Books Restaurants 6 Dresses 6pm.com Hunter eMail SUNY Applicatio. connect DUNTING ed Finel exam instructions I help Question 37 (of 50 Save& Ext Submt Time remalining: 0:38:51 A company purchased a POS cash register on Jenuary 1 for $5,700. This register has a useful life of 5 years and a salvage value of $200. What would be the depreciation expense for the second year of its useful Ife using the double-declining-balance method? Round all calculations to whole dollar amounts O $1368 O $2.280 O $2.200 $1320

Explanation / Answer

Details Amt $ Cost of POS                       5,700 Useful life in years                                5 SL depreciation rate   20% Double declining balance depreciation rate 40% Depreciation schedule for DDB method Beginning of the year Book Value DDB depreciation rate Depreciation expense@40%on book value Accumulated depreciation Book Value at the end of year Year 1                     5,700 40%                2,280             2,280               3,420 Year 2                     3,420 40%                1,368             3,648               2,052 Depreciation expense for Year 2=$1,368 So correct option is $1,368

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