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1. Determine depreciation expense for year one using the straight-line method.

$300
$3900
$600
$675

2. Determine depreciation expense for year one using the double-declining-balance method.

$3900.00
$1462.50
$2437.50
$1500.00

3. Determine depreciation expense for two using the straight-line method.

$300
$3900
$600
$900

4. Determine depreciation expense for year two using the double-declining-balance method.

$1218.75
$3900
$2437.50
$1500.00

5. If the equipment is sold at the end of year one for $3225, what will be the gain or loss on the sale, assuming that the company used the straight line method of depreciation.

$1000
$100
$2225
$0

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9975131

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