Double-declining-balance method, Accounting Basics

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Double-declining-balance method

Thomas Enterprises purchased a depreciable asset on October 1, 2008 at a cost of $100,000.

The asset is expected to have a salvage value of $15,000 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, the asset's book value on December 31, 2010 will be:

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Accounting Basics: Double-declining-balance method

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Accounting Basics: Double-declining-balance method

Reference No:- TGS058724

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Recent Questions Asked Accounting Basics

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Accounting Basics: Double-declining-balance method

Reference No:- TGS058724

Recent Questions Asked Accounting Basics

Q : Financial management research paper

Q : Performance drinks - further study

Q : Recorded on the conversion of the bonds

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Q : Double-declining-balance method

Q : Amount to record in the accounts payable account

Q : Disposal under the following assumptions

Q : What is the amount of bond issue costs

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