The price of machining equipment purchased by Brass Industries was $45,800. It cost $3,460 for initial setup. The salvage value at the end of 5 years is $6,700. Using the double-declining-balance depreciation method, calculate the annual depreciation of year 2. (Round the declining-balance rate to 4 decimal places, and all dollar amounts to the nearest cent)
A) $10,734.40
B) $18,112.00
C) $11,822.40
D) $12,376.00
C
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Partnerships file federal income tax returns for informational purposes and to notify partners of the amount of partnership income that must be reported on their individual federal income tax returns
a. True b. False Indicate whether the statement is true or false
The authors believe that the most serious competition nonprofits often face is
a. the growth of other nonprofits b. the status quo c. generating funding d. enlisting volunteers e. identifying generic competition
________ is an extreme form of a targeting strategy.
A. Micromarketing B. Differentiated targeting C. Concentrated targeting D. Macromarketing E. Benefit marketing
Advantages of the corporate form of business include
A. limited liability for stockholders. B. avoidance of state taxation. C. limited life. D. deductibility of dividends.