xWileyPLUS tps://edugen.wileyplus.com/edugen/lti/main.uni G A company purchased

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xWileyPLUS tps://edugen.wileyplus.com/edugen/lti/main.uni G A company purchased office ex e Equipm Return to Kimmel, Accounting, 6e Time: 08:14 PM / Remaining: 112 min. Multiple Choice Question 204 A company purchased office equipment for $52000 and estimated a salvage value of $6000 at the end of its 12-year useful life. The constant percentage to be applied against book value each year if the double-declining-balance method is used is o 12.0%. o 8.4%. o 16.7% Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of 1 used SUBMIT ANSWER

Explanation / Answer

SLM rate = 1/ 12 years = 8.33 %

DDB rate = 8.33 * 2 = 16.67 %

Option D is correct.

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