A factory equipment bought for $300,000 is being depreciated using the 150% declining balance method over its projected useful life of 6 years. If its salvage value at that time is estimated to be $45,000 determine the following: The depreciation in year 3 O A. $75,000 O B. $63,750 O C. $42,500 O D. $50,000 O E. $35,859 OF. $42,188

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Chapter1: Making Economics Decisions
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A factory equipment bought for $300,000 is being depreciated using the 150% declining balance method over its projected useful life of 6 years. If its salvage value
at that time is estimated to be $45,000 determine the following:
The depreciation in year 3
O A. $75,000
O B. $63,750
OC. $42,500
O D. $50,000
O E. $35,859
OF. $42,188
Transcribed Image Text:A factory equipment bought for $300,000 is being depreciated using the 150% declining balance method over its projected useful life of 6 years. If its salvage value at that time is estimated to be $45,000 determine the following: The depreciation in year 3 O A. $75,000 O B. $63,750 OC. $42,500 O D. $50,000 O E. $35,859 OF. $42,188
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