Use the following information for questions 47-49.
On January 1, 2017, Bronson Co. purchased some equipment that initially cost $52,800. Additional costs included freight costs $300, non-refundable taxes $6,400, and installation $500. Estimated residual value is $2,000. The company uses a straight-line rate of 10%.
-What would the depreciation expense be for 2017 if Bronson Co. used the double-declining-balance method?
A) $12,200
B) $12,000
C) $11,600
D) $ 6,000

Question

Quizplus · Accepted Answer

The Answer of Use the following information for questions 47-49.
On January 1, 2017, Bronson Co. purchased some equipment that initially cost $52,800. Additional costs included freight costs $300, non-refundable taxes $6,400, and installation $500. Estimated residual value is $2,000. The company uses a straight-line rate of 10%.
-What would the depreciation expense be for 2017 if Bronson Co. used the double-declining-balance method?
A) $12,200
B) $12,000
C) $11,600
D) $ 6,000

Use the Following Information for Questions 47-49