Stanley Company Purchased a Machine That Was Installed and Placed

question 53

Multiple Choice

Stanley Company purchased a machine that was installed and placed in service on January 2,2013,at a total cost of $680,000.Residual value was estimated at $70,000.The machine is being depreciated over ten years by the double-declining-balance method.For the year 2014,Stanley should record depreciation expense of

• A) $108,800
• B) $97,600
• C) $68,000
• D) $61,000

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