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At the beginning of last year, Bratworth Corporation purchased a piece of heavy equipment for $86,000. TI equipment has a life of five years or 100,000 hours. The estimated residual value is $6,000, Bremond used equipment for 26,000 hours last year and 30,000 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) O A. DDB $20,640 OB. DDB UOP $19,200 $24,000 OC. DDB $19,200 UOP $25,800 OD. DDB UOP $25,800 UOP $20,640 $24,000

At the beginning of last year, Bratworth Corporation purchased a piece of heavy equipment for $86,000. TI equipment has a life of five years or 100,000 hours. The estimated residual value is $6,000, Bremond used equipment for 26,000 hours last year and 30,000 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) O A. DDB $20,640 OB. DDB UOP $19,200 $24,000 OC. DDB $19,200 UOP $25,800 OD. DDB UOP $25,800 UOP $20,640 $24,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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At the beginning of last year, Bratworth Corporation purchased a piece of heavy equipment for $86,000. The equipment has a life of five years or 100,000 hours. The estimated residual value is $6,000. Bremond used the equipment for 26,000 hours last year and 30,000 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) O A. DDB $20,640 OB. DDB UOP $19,200 $24,000 OC. DDB UOP $25,800 UOP $19,200 $25,800 OD. DDB UOP $20,640 $24,000 ***
Transcribed Image Text:At the beginning of last year, Bratworth Corporation purchased a piece of heavy equipment for $86,000. The equipment has a life of five years or 100,000 hours. The estimated residual value is $6,000. Bremond used the equipment for 26,000 hours last year and 30,000 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) O A. DDB $20,640 OB. DDB UOP $19,200 $24,000 OC. DDB UOP $25,800 UOP $19,200 $25,800 OD. DDB UOP $20,640 $24,000 ***
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