plico acquires equipment with an original cost of $140,000 that the company expects to use for 8 years and to have a residual value of $5,000. plico uses the double-declining balance method. if the equipment is purchased at the beginning of 20x1, then 20x1 depreciation is

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02-09-2022
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plico acquires equipment with an original cost of $140,000 that the company expects to use for 8 years and to have a residual value of $5,000. plico uses the double-declining balance method. if the equipment is purchased at the beginning of 20x1, then 20x1 depreciation is

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tripatsingh039 tripatsingh039 · Answer 1 · 2022-09-05T20:20:07+02:00

25% (1.00 / 8 years) x 200% = 25% Plico.

PLICO has continued to satisfy such demands and is pushed to respond to the medical environment's drastic changes. PLICO is stronger and more capable than ever in 2021. We take pleasure in offering customised attention to every customer and are well-known for our exceptional customer service. PLICO is delighted to announce a free online education programme that has been approved to meet the educational requirements of SB 1446/848 for MDs and PAs.

Learn more about Plico Equipment here:

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