36. Regina Company purchased a Cash register on January 1 for $5,400. This register has a useful life of 10 years and a salvage value of $400. What would be the depreciation expense for the second-year of its useful life using the double-declining-balance method

$864

Explanation:

Double-declining-balance charges a higher depreciation in early years of the asset and lower in the later years using the formula :

Depreciation expense = 2 x SLDP x BVSLDP

Where,

SLDP = 100 ÷ useful life

         = 10 %

and

BVSLDP = Cost (1st year) and Book Value (any other year)

therefore,

Year 1

Depreciation expense = 2 x 10 % x $5,400

                                      = $1,080

Year 2

Depreciation expense = 2 x 10 % x ($5,400 - $1,080)

                                      = $864

thus

The depreciation expense for the second-year of its useful life using the double-declining-balance method is $864.

the correct answer is - no.

winnipeg, canada, is not further away from the equator than moscow, russia, in fact moscow is the city that is further away from the equator. moscow is on a latitude of 55.7558° north, while winnipeg is on a latitude of 49.8951° north, thus putting moscow by 5.8607° further away from the equator than winnipeg is.

answer; signaling;