MCQs>Finance & Management>Financial Accounting>The following information pertains to Bayside Corporation: Equipment purchase: $50,000 Salvage value: $5,000 Useful life: 7 years Year-1 depreciation: $14,285.70 What depreciation method does Bayside Corporation use?
Financial Accounting MCQs
The following information pertains to Bayside Corporation: Equipment purchase: $50,000 Salvage value: $5,000 Useful life: 7 years Year-1 depreciation: $14,285.70 What depreciation method does Bayside Corporation use?
Answer
Correct Answer: Double declining balance.
Explanation:
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