Pearson Company bought a machine on July 1, 2022. The machine cost $180,000 and had an expected salvage value of $0. The life of the machine was estimated to be 5 years. Pearson uses a December 31 year end. The depreciation expense for 2023 using the double declining balance method of depreciation is Group of answer choices $57,600 $36,000 $30,000 $50,600
Pearson Company bought a machine on July 1, 2022. The machine cost $180,000 and had an expected salvage value of $0. The life of the machine was estimated to be 5 years. Pearson uses a December 31 year end. The depreciation expense for 2023 using the double declining balance method of depreciation is Group of answer choices $57,600 $36,000 $30,000 $50,600
Chapter1: Financial Statements And Business Decisions
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Pearson Company bought a machine on July 1, 2022. The machine cost $180,000 and had an expected salvage value of $0. The life of the machine was estimated to be 5 years. Pearson uses a December 31 year end. The
Group of answer choices
$57,600
$36,000
$30,000
$50,600
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