21. A property is bought for 50000. It's expected useful life is 10 years and will have a resale value of 15000. Using the Sum of the years digit depreciation method, find the book value during the 3rd year. a. 44909.1 b. 43636.36 C. 48090.91 d. 48545.46 e. None of the above

21. A property is bought for 50000. It's expected useful life is 10 years and will have a resale value of 15000. Using the Sum of the years digit depreciation method, find the book value during the 3rd year. a. 44909.1 b. 43636.36 C. 48090.91 d. 48545.46 e. None of the above

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter11: Depreciation, Depletion, Impairment, And Disposal

Section: Chapter Questions

Problem 1RE: Susquehanna Company purchased an asset at the beginning of the current year for 250,000. The...

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Question

21. A property is bought for 50000. It's expected useful life is 10 years and will have a resale value of
15000. Using the Sum of the years digit depreciation method, find the book value during the 3rd
year.
a. 44909.1
b. 43636.36
C.
48090.91
d. 48545.46
е.
None of the above

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