At the beginning of last year, Barrington Corporation purchased a piece of heavy equipment for $47,000. The equipment has a life of five years or 100,000 hours. The estimated residual value is $7,000. Bremond used the equipment for 24,000 hours last year and 31,000 hours this year. Depreciation expense for year two using double-declining-balance (DDB) and units-of-production (UOP) methods would be as follows: (Carry all rates to two decimal places, XX) DDB UOP OA. $9,600 $12,400 B. $9,600 $14,570 OC. $11,280 $12,400 OD. $11,280 $14,570

At the beginning of last year, Barrington Corporation purchased a piece of heavy equipment for $47,000. The equipment has a life of five years or 100,000 hours. The estimated residual value is $7,000. Bremond used the equipment for 24,000 hours last year and 31,000 hours this year. Depreciation expense for year two using double-declining-balance (DDB) and units-of-production (UOP) methods would be as follows: (Carry all rates to two decimal places, XX) DDB UOP OA. $9,600 $12,400 B. $9,600 $14,570 OC. $11,280 $12,400 OD. $11,280 $14,570

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Description: At the beginning of last year, Barrington Corporation purchased a piece of heavy equipment for$47,000. The equipment has a life of five years or 100,000 hours. The estimated residual value is$7,000. Bremond used the equipment for 24,000 hours last y

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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