Business, 26.12.2019 00:31 kaylabjoyner4023
On january 1, year 1, jing company purchased office equipment that cost $15,200 cash. the equipment was delivered under terms fob shipping point, and transportation cost was $1,300. the equipment had a five-year useful life and a $3,740 expected salvage value.
assuming the company uses the double-declining-balance depreciation method, what are the amounts of depreciation expense and accumulated depreciation, respectively, that would be reported in the financial statements prepared as of december 31, year 3?
multiple choice
a. $4,752 and $12,672
b. $2,200 and $12,760
c. $2,851 and $16,151
d. $0 and $13,300
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On january 1, year 1, jing company purchased office equipment that cost $15,200 cash. the equipment...
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