Mahak bought equipment on January 2, 20X4 for 200,000. This equipment had an estimated useful life of five years and a salvage value of 20,000. Depreciation was computed by the 150% declining balance method. The accumulated depreciation balance at December 31, 20X5 should be: a.98,000,b.102,000, c.91,800,d. 72,000

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Mahak bought equipment on January 2, 20X4 for 200,000. This equipment had an estimated useful
life of five years and a salvage value of 20,000. Depreciation was computed by the 150% declining
balance method. The accumulated depreciation balance at December 31, 20X5 should be:
a.98,000 ,b.102,000, c.91,800, d. 72,000
Transcribed Image Text:Mahak bought equipment on January 2, 20X4 for 200,000. This equipment had an estimated useful life of five years and a salvage value of 20,000. Depreciation was computed by the 150% declining balance method. The accumulated depreciation balance at December 31, 20X5 should be: a.98,000 ,b.102,000, c.91,800, d. 72,000
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