English, 06.06.2021 14:00 whathelppp

Jefferson Company purchased equipment on January 1, 2017. The equipment cost $60,000 and has an estimated life of 8 years and a salvage value of $8,000. What was the depreciation expense for the equipment for 2018 under the double-declining-balance method?

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Answer from: madelinemg02

$11250

Explanation:

Based on the information given in the question, the depreciation expense for the equipment for 2018 under the double-declining-balance method will be calculated thus:

Cost of Equipment = $60,000

Salvage Value = $8,000

Useful Life = 8 years

Double-declining-balance Depreciation Rate will be calculated as:

= 2 / Useful Life

= 2 / 8

= 25%

For 2017:

Beginning Book Value = $60,000

Depreciation Expense = 25% × $60,000 = $15,000

Ending Book Value = $60,000 - $15,000 = $45,000

2018:

Beginning Book Value = $45,000

Depreciation Expense = 25% × $45,000 = $11,250

Therefore, the depreciation expense for the equipment for 2018 under the double-declining-balance method is $11250.

Note that:

Ending Book Value = Beginning Book Value - Depreciation Expense

Answer from: Quest

Because the candy is bad somethi

Answer from: Quest

to kill a mockingbird basically is about a lawyer who goes against everything in a racist society like at the time of this novel, to defend a black man accused of sexual abuse. in the bible there are cases like that of joseph, who was accused by the woman of potifar, for a crime similar to that of tim robbinson, of that novel (genesis 39: 1-20). at this point we see that god also provides the escape to joseph, who was accused unjustly, but in his time, and through his attitude, his faith was not shaken, and god provided the solution. the perspective of god also written in the bible and not pay evil with evil. (ephesians 4: 32, 1 thessalonians 5: 15, 1 peter 3: 9). atticus, the lawyer, demonstrated during this lee novel, empathy, love of neighbor, understood the situation of this accused man. he went against everything in that society, and stood in favor of that man, for the injustice committed. this shows the empathy, the love taught by christ, in some passages that speak of love and justice in the sermon of the beatitudes (especially verses 6 and 7 of matthew 5).

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Jefferson Company purchased equipment on January 1, 2017. The equipment cost $60,000 and has an esti...

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