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    Calculating Depreciation Expense

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    On April 2, 2013, Premier Plumbing Corporation purchased machinery for $70,000. Salvage value was estimated to be $5,000. The machinery will be depreciated over ten years using the double-declining balance method. If depreciation is computed on the basis of the nearest full month, Premier should record depreciation expense on this machinery for 2014 of

    a. $11,050
    b. $9,750
    c. $11,900
    d. $10,500

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    https://brainmass.com/business/depreciation/498810

    Solution Summary

    This solution calculates the amount Premier should record for depreciation expense on the machinery for 2014.

    $2.19

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