$440,000$176,000$176,000$264,0001$264,000$105,600$281,600$158,4002$158,400$63,360$344,960$95,040103$95,040$38,016$382,976$57,024114$57,024$17,024$400,000$40,00012Multiple Choice=+89-C9+E8-C9+$B$2-D9+B9-D958. Which of the following formulas would be INCORRECT in cell E9?CDE12 Cost3 Salvage4 Life (in years)$440,000$40,000January 1 book DepreciationYearAccumulatedDecember 317valueExpenseDepreciationbook value81$440,000$176,000$176,000$264,000$264,000$105,600$281,600$158,400103$158,400$63,360$344,960$95,040114$95,040$38,016$382,976$57,02412$57,024$17,024$400,000$40,000Multiple Choice+89-C956

Depreciation is the allocation of cost of asset over the useful life of the asset. Accumulated…

8. $264,000 $105,600 $281,600 $158,400 6. $95,040 $57,024 3 $158,400 $63,360 $344,960 10 $95,040 $38,016 $382,976 11 4 $57,024 $17,024 $400,000 $40,000 12 Multiple Choice =+89-C9 E8-C9 +$B$2-D9 +89-D9

8. $264,000 $105,600 $281,600 $158,400 6. $95,040 $57,024 3 $158,400 $63,360 $344,960 10 $95,040 $38,016 $382,976 11 4 $57,024 $17,024 $400,000 $40,000 12 Multiple Choice =+89-C9 E8-C9 +$B$2-D9 +89-D9

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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