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romanna [79]
1 year ago
9

Mullen Company purchased a new machine costing $55,200 on January 1, 2017. The machine is expected to have a $3,600 salvage valu

e at the end of its useful life of six years. What is the depreciation expense that Mullen Company records for 2017 using the double-declining-balance method?
(A) $8,600
(B) $17,200
(C) $9,200
(D) $18,400
Business
2 answers:
viva [34]1 year ago
8 0
A. 8,600 is the answer
tigry1 [53]1 year ago
3 0
The answer is $8,600. Hope this helped.
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hammer [34]

Answer= The entry to record this transaction would include:

A debit to Organization Expenses for $5,000.

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Explanation:

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Organisation expense      $5,000

Common stock                                              $4,000

Paid in capital in excess of par value

of common stock                                            $1,000

( $5000 - $4000)

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1 year ago
Calculate the fair present values of the following bonds, all of which pay interest semiannually, have a face value of $1,000, h
Mila [183]

Answer:

the bonds' current market value = PV of face value + PV of coupon payments

a. The bond has a 6 percent coupon rate.

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1 year ago
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Otrada [13]
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5 0
2 years ago
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Alenkasestr [34]

Answer:

8,000 units need to be accounted for

Explanation:

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