Author Question: A drilling rig purchased by Challenge Industries should last 7 years. The purchase price was 82,500. ... (Read 107 times)

D2AR0N · **on:** Jun 24, 2018

A drilling rig purchased by Challenge Industries should last 7 years. The purchase price was 82,500. Shipping costs were 1,567. The trade-in value is 17,870. Prepare a depreciation schedule using the 150 declining balance method, then enter the accumulated depreciation at the end of year 6 as your answer. (Round the declining balance rate to 4 decimal places, and all dollar amounts to the nearest cent)
A) 64,289.74
B) 56,740.29
C) 81,064.61
D) 75,823.19

Question 2

What word is represented by the abbreviation: gro