Tennessee Fried Chicken purchased equipment for $92,000 on 1/1. The equipment is expected to have a four-year life, with a residual value of $10,000 at the end of five years. Using the double-declining balance method, what is the depreciation expense for the year as of 12/31? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

Tennessee Fried Chicken purchased equipment for $92,000 on 1/1. The equipment is expected to have a four-year life, with a residual value of $10,000 at the end of five years. Using the double-declining balance method, what is the depreciation expense for the year as of 12/31? Fill in the blank with your calculated number. DO NOT include commas, $ signs, period, decimal points, etc., just enter the raw number. Webcourses will add commas to your answer automatically. For example, if you calculated the answer to be $24,123, you would only input: 24123

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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