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Home Q & A Board Other Fields Homework Help Business Accounting
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Harrison Harrison
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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
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Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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TheSinTheSin
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6 years ago
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