Exhibit 11-2
Browning purchased a business copier for $4,500 on August 3, 2016. It has an estimated residual value of $500 and an expected service life of five years. Browning uses double-declining-balance depreciation computed to the nearest whole month.
Refer to Exhibit 11-2. Depreciation expense for 2017 should be
A. $600
B. $667
C. $750
D. $1,500
Answer: D
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A. 20.91% B. 18.87% C. 16.28% D. 17.76% E. 18.50%
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