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Author Question: Renoir associates purchased a vehicle for $64,000, with an estimated useful life of 8 years and a ... (Read 97 times)

formula1

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on: Feb 18, 2020
Renoir associates purchased a vehicle for $64,000, with an estimated useful life of 8 years and a salvage value of $10,000. The company uses the double-declining-balance method of depreciation; however, after year 3 they switch to the straight-line method. There is no change to the estimated useful life or salvage value. What is the accumulated depreciation balance at the end of year 5 (round to the nearest dollar)? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
◦ $43,800
◦ $43,750
◦ $48,333
◦ $40,400
Financial Accounting ¦ Kemp, Waybright ¦ 5th Edition
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Marked as best answer by formula1 on Feb 18, 2020

dpost18

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Reply #1 on: Feb 18, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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formula1

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Reply 2 on: Feb 18, 2020
YES! Correct, THANKS for helping me on my review

meganmoser117

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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