Granite Company purchased a machine with cost of $90,000 and salvage value of $6,000. The life of the machine was estimated to be 5 years. Complete the depreciation schedule shown below using DDB depreciation.

Granite Company purchased a machine with cost of $90,000 and salvage value of $6,000. The life of the machine was estimated to be 5 years. Complete the depreciation schedule shown below using DDB depreciation.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter11: Long-term Assets

Section: Chapter Questions

Problem 4EB: Montello Inc. purchases a delivery truck for $25,000. The truck has a salvage value of $6,000 and is...

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Question

Granite Company purchased a machine with cost of $90,000 and salvage value of $6,000.
The life of the machine was estimated to be 5 years.
Complete the depreciation schedule shown below using DDB depreciation.
DDB
BOOK VALUE
DEPRECIATION
ACCUM.
BOOK VALUE
YEAR
RATE
BEGINNING
EXPENSE
DEPRECIATION
END
1
2
3
4
5

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