Paint Pro purchased a spray painter on August 1, 2025 for $8,400 and estimated the salvage value at $600, along with an estimated useful life of 4 years and 5,500 spray hours. 1,500 spray hours were used in 2025. 1.800 spray hours were used in 2026. How much is depreciation expense in 2025 and 2026 using the double-declining-balance method? (Round intermediate calculations and final answers to 0 decimal places, eg. 5,275.) 2025 expense $ 2026 expense

Paint Pro purchased a spray painter on August 1, 2025 for $8,400 and estimated the salvage value at $600, along with an estimated useful life of 4 years and 5,500 spray hours. 1,500 spray hours were used in 2025. 1.800 spray hours were used in 2026. How much is depreciation expense in 2025 and 2026 using the double-declining-balance method? (Round intermediate calculations and final answers to 0 decimal places, eg. 5,275.) 2025 expense $ 2026 expense

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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