A machine is purchased for $100 000.It is to be depreciated on a reducing balance basis using a rate of 20%.How much will be charged for depreciation expense for year 2 of the machine's life?
A)$16 000
B)$20 000
C)$15 000
D)$12 800

Name: A machine is purchased for $100 000.It is to be depreciated on a reducing balance basis using a rate of 20%.How much will be charged for depreciation expense for year 2 of the machine's life? A)$16 000 B)$20 000 C)$15 000 D)$12 800
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The Answer is A

A Machine Is Purchased for $100 000