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Home Q & A Board Other Fields Homework Help Business Accounting
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bravata bravata
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7 years ago
Acme paid $100,000 for a machine with a $5,000 salvage value and an estimated life of 190,000 hours.
Acme reports on a calendar year basis and used the machine for 1,700 hours during the first year it owned the asset. Which of the following statements accurately compare the first year depreciation expense if the asset had been purchased on January 1 of the current year versus a March 1 acquisition date.
A) Depreciation Expense if acquired January 1 is $850 and if acquired March 1 is $708.
B) Depreciation Expense if acquired January 1 is $850 and if acquired March 1 is $637.
C) In both cases, the Depreciation Expense is $850.
D) Depreciation Expense if acquired January 1 is $895 and if acquired March 1 is $746.
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Financial Accounting

Financial Accounting


Edition: 3rd
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antonio_johnantonio_john
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7 years ago
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Massachusetts Institute of Technology
-- Accounting

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bravata Author
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7 years ago
Helped a lot
Liarec
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Yesterday
Thanks for your help!!
Gorgio_De
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2 hours ago
this is exactly what I needed
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