Ask Question
14 July, 17:15

The Pack Company purchased an office building for $9,000,000. The building had an estimated useful life of 40 years and an expected salvage value of $1,000,000. Calculate the depreciation expense for the second year using the double-declining balance method.

+2
Answers (1)
  1. 14 July, 20:49
    0
    Depreciation = Cost Price - -Salvage/Useful Life=9,00,000-1,00,000/40=8,00,000/40 = 20,000Explanation:Depreciation is 20,000
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The Pack Company purchased an office building for $9,000,000. The building had an estimated useful life of 40 years and an expected salvage ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers