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.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text: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
$95880.
O $127880.
$87000.
O $119000.
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