ACC 304 Week 5 Midterm Part 2 For more course tutorials visit www. tutorialrank. com
What are the weighted-average accumulated expenditures?
35) Which of the following is a capital expenditure? =======================================
ACC 304 Week 5 Midterm Part 2 For more course tutorials visit www. tutorialrank. com
1) 1) A machine which cost $ 300,000 is acquired on October1, 2014. Its estimated salvage value is $ 30,000 and its expected life is eight years.
a) Calculate depreciation expense for 2014 and 2015 by doubledeclining balance
b) Calculate depreciation expense for 2014 and 2015 by sum-ofthe-years-digits
c) At the end of 2015, which method results in the larger accumulated depreciation amount?