What should record depreciation expense on the machinery


On July 2, 2013, Peak Power Corporation purchased machinery for $120,000. Salvage value was estimated to be $10,000. The machinery will be depreciated over ten years using the double-declining balance method. If depreciation is computed on the basis of the nearest full month, what should record depreciation expense on this machinery for 2014 ?

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Accounting Basics: What should record depreciation expense on the machinery
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