An engineering firm spent $130,000 to purchase and install new computer equipment in its office. The computer equipment has a usable life of 6 years with a salvage value of $810. The company intends to use the computer equipment for 6 years before it will be sold. Determine the deprciation charge (dt) of the equipment in the sixth year using double-declining-balance (DDB) depreciation with conversion to straight-line (SL) so that the book value at the end of year 6 is the salvage value

Clooney corp. establishes a petty cash fund for $225 and issues a credit card to its office manager. by the end of the month, employees made one expenditure from the petty cash fund (entertainment, $20) and three expenditures with the credit card (postage, $59; delivery, $84; supplies expense, $49).record all employee expenditures, and record the entry to replenish the petty cash fund. the credit card balance will be paid later. (if no entry is required for a transaction/event, select "no journal entry required" in the first account record expenditures from credit card and the petty cash fund.