The price of machhining equioment purchased by brass Industries was s45,400. It cost s3,440 for initial setup. The salvage value at the end of 5 years is s,300. Using the double decdining bala deprecation method, calculate the annual depreciation of year 2. (Round the decining-balance rate te 4 decimal places, and all dollar amounts to the nearest cent.) $11,721.60 $15,161.60 131,257.40

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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ASK YOUR TEACHER
The price of machining equipment purchased by Brass Industries was $45,400. It cost s3,440 for initial setup. The salvage value at the end of 5 years is s,300. Using the double-declining-balance
depreciation method, calculate the annual depreciation of year 2. (Round the decilining-balance rate to 4 decimal places, and all dollar amounts to the nearest cent.)
O110,896.00
OS11,721.60
O15,161.60
131,257.60
Need Help?
Het
Transcribed Image Text:MY NOTES ASK YOUR TEACHER The price of machining equipment purchased by Brass Industries was $45,400. It cost s3,440 for initial setup. The salvage value at the end of 5 years is s,300. Using the double-declining-balance depreciation method, calculate the annual depreciation of year 2. (Round the decilining-balance rate to 4 decimal places, and all dollar amounts to the nearest cent.) O110,896.00 OS11,721.60 O15,161.60 131,257.60 Need Help? Het
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