Homework Answers
SOLUTION
Question 1
Depreciation for first year = $20,000 thus option A is correct.
Depreciation rate = 1(/ Useful life of the Assets) *2
= (1/6) *2 = 0.3333333 = 33.333%
Depreciation = Cost * Depreciation rate
= $60,000 * 33.333% = $20,000
** All the questions provided are independent to each other, so as per HOMEWORKLIB RULES I have answered first question.
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