Office furniture cost $948,000 on July 1, 2020. Its estimate…
Office furniture cost $948,000 on July 1, 2020. Its estimated salvage value is $87,200 and its expected life is 5 years. Calculate the depreciation expense by straight-line for 2020. (Round answer to 0 decimal places, e.g. 5,275. Do NOT use a dollar sign in your answer.) $ Calculate the depreciation expense by double-declining balance for 2021. (Round answer to 0 decimal places, e.g. 5,275. Do NOT use a dollar sign in your answer.) $ Calculate the depreciation expense by sum-of-the-years’-digits for 2021. ((Round answer to 0 decimal places, e.g. 5,275. Do NOT use a dollar sign in your answer.) $ Which depreciation method results in the smallest income amount for 2021? Use SL for straight line, DDB for double-declining balance, and SYD for sum-of-the-years’-digits.
Office furniture cost $948,000 on July 1, 2020. Its estimate…
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Office furniture cоst $948,000 оn July 1, 2020. Its estimаted sаlvаge value is $87,200 and its expected life is 5 years. Calculate the depreciatiоn expense by straight-line for 2020. (Round answer to 0 decimal places, e.g. 5,275. Do NOT use a dollar sign in your answer.) $ [SL] Calculate the depreciation expense by double-declining balance for 2021. (Round answer to 0 decimal places, e.g. 5,275. Do NOT use a dollar sign in your answer.) $ [DDB] Calculate the depreciation expense by sum-of-the-years'-digits for 2021. ((Round answer to 0 decimal places, e.g. 5,275. Do NOT use a dollar sign in your answer.) $[SYD] Which depreciation method results in the smallest income amount for 2021? Use SL for straight line, DDB for double-declining balance, and SYD for sum-of-the-years'-digits. [method]
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