Bramble Company purchased equipment for $1071000 on January 1, 2020, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $32000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2022 will be O $95880. $127880. $87000. O $119000.

Bramble Company purchased equipment for $1071000 on January 1, 2020, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 3-year life and a $32000 salvage value at the end of its useful life. The amount of depreciation expense recognized in the year 2022 will be O $95880. $127880. $87000. O $119000.

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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