Business/Professional Ethics Directors/Executives/Acct
8th Edition
ISBN: 9781337485913
Author: BROOKS
Publisher: Cengage
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Carla Vista Motor Corporation bought equipment on January 1, 2025. The equipment cost $440000 and had an expected salvage
value of $70000. The life of the equipment was estimated to be 4 years. The depreciable cost of the equipment is
$70000.
$440000.
$92500.
$370000.
On January 1, a machine with a useful life of five years and a salvage value of $30000 was purchased for $220000. What is the
depreciation expense for year 2 under straight-line depreciation?
○ $132000
○ $38000
$32000
○ $114000
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