Hi can you explain to me how to find the depreciation expense for the second year? Purchase price for computer: $27,000 Est. Useful life: 6 years Residual value: $1,000 The company uses double-declining-balance method. What I did- To find the depreciation rate I did 2/6= .333 I took $27,000 X .333 got the depreciation exp. of 8,910 Boom value of first year of $18,090. Year 2 beginning book value is $18,090 X .333 and got the SECOND YEAR DEPRECIATION EXPENSE of $5,969. But that’s not an option. Can you tell me where my calculations have gone wrong? My answer options are: $7,500 $6,000 $5,250 $8,250 Thanks For the

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Modified Accelerated Cost Recovery System (MACRS) (LO 8.2) Calculate the following: Click here to access the various depreciation tables. If required, round your final answers to the nearest dollar. If your answer is zero, enter "0". The first year of depreciation on a office building that cost $250,000 purchased June 2, 2022. 4,168 X b. The second year (2023) of depreciation on a computer that cost $5,000 purchased in May 2022, using the half-year convention and accelerated depreciation considering any bonus depreciation taken Ov a. The first year of depreciation on a computer costing $2,800 purchased in May 2022, using the half-year convention and straight-line depreciation with no bonus depreciation 280 b. The third year of depreciation on business furniture costing $10,000 purchased in March 2020, using the half-year convention and accelerated depreciation but no bonus depreciation. 1,748 x

Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false ☆ O 1 * Updat A machine costing $58,228 with a 4-year life and $52,607 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight- line depreciation. Round your answer to the nearest whole dollar. per year Previous Next %24