Friday
July 25, 2014

Homework Help: accounting 102

Posted by Ann on Wednesday, February 20, 2008 at 8:51am.

Equipment is purchased for $80,000. It has an 8 year useful life and a $39000 residual value. Under the double-declining-balance method, what is the depreciation for year 3?

a. 6,000
b. 48,000
c. 11,250
d. 8436

I answered C. The teacher said it's a. 6,000. I have no idea what I'm doing wrong.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

financial accounting - eckman company purchased equipment for $80,000 on ...
accounting - 1-On May 1, 2012, Pinkley Company sells office furniture for $150,...
accounting - 1. A pressurized spray painter was purchased on April 1 of the ...
Accounting - Assume that at the beginning of 2000, Quick Travel, a FedEx ...
Math - An asset is purchased for $50,000. It has an estimated useful life of ...
Intermediate Accounting - On January 1, 2005, Lynn Corporation acquired ...
math - In recent years, Juresic Transportation purchased three used buses. ...
business - In recent years, Juresic Transportation purchased three used buses. ...
Accounting - I need some help with this question… It is confusing me… I have ...
Math - A truck costing $25,000 with a residual value of $5,000 was purchased by ...

Search
Members