Balance of the accumulated depreciation, Business Management

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Balance of the accumulated depreciation

On January 10, 2006, Maxim Corporation acquired equipment for $124,000. The estimated life of the equipment is 3 years or 24,000 hours. The estimated residual value is $10,000. What is the balance of Accumulated Depreciation on December 31, 2007, if Baldwin Corporation uses the asset 5,500 hours in 2006 and 4,500 hours in 2007?

$76,000
$61,218
$52,083
$47,500

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Business Management: Balance of the accumulated depreciation

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Business Management: Balance of the accumulated depreciation

Reference No:- TGS0105159

Have a Question? (oR Write a Review)

Recent Questions Asked Business Management

Q : Balance in the allowance for uncollectible accounts

Q : Describe customer perceived value-total customer benefit

Q : What is the chance that 155 or fewer deer have this tick

Q : Determining the long-term debt ratio

Q : Balance of the accumulated depreciation

Q : Reductions in workers compensation expenses

Q : What is the time value

Q : Journalize transactions-accounting year of block company

Q : What is activation energy as it relates to enzymes

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Request for Solution File

Ask an Expert for Answer!!

Business Management: Balance of the accumulated depreciation

Reference No:- TGS0105159

Recent Questions Asked Business Management

Q : Balance in the allowance for uncollectible accounts

Q : Describe customer perceived value-total customer benefit

Q : What is the chance that 155 or fewer deer have this tick

Q : Determining the long-term debt ratio

Q : Balance of the accumulated depreciation

Q : Reductions in workers compensation expenses

Q : What is the time value

Q : Journalize transactions-accounting year of block company

Q : What is activation energy as it relates to enzymes

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