Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Harrison Harrison
wrote...
Go to Answer
Posts: 626
Rep: 0 0
6 years ago
On January 2, 2012, McNally's Extra Corporation acquired equipment for $120,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual value is $20,000. What is the balance in Accumulated Depreciation on December 31, 2013, if McNally's Extra Corporation uses the double-declining-balance method of depreciation?
A) $23,200
B) $36,000
C) $43,200
D) $76,800
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
Read 188 times
3 Replies
Replies
Answer verified by a subject expert
TheSinTheSin
wrote...
#1
Posts: 380
Rep: 16 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...
#2
4 years ago
amazing
wrote...
#3
4 years ago
thank you
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1251 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 337
  
 6886
  
 799
Your Opinion
What's your favorite coffee beverage?
Votes: 274
Previous poll results: Should Ph.D.'s be addressed as doctors?