An asset was place in the factory in the beginning of year 2018. It is expected to be used until end of 2026. The cost basis was 160,000. It is a 7-year asset with DDB method and half year convention. What is the depreciation in the year 2020? S27,984.0 S13,992.0 S22,857.0 $19,984.0

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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An asset was place in the factory in the beginning of year 2018. It is expected to be used until end of 2026. The cost basis was 160,000. It is a 7-year asset
with DDB method and half year convention. What is the depreciation in the year 2020?
S27,984.0
S13,992.0
S22,857.0
S19,984.0
Transcribed Image Text:An asset was place in the factory in the beginning of year 2018. It is expected to be used until end of 2026. The cost basis was 160,000. It is a 7-year asset with DDB method and half year convention. What is the depreciation in the year 2020? S27,984.0 S13,992.0 S22,857.0 S19,984.0
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