Euipment costing 76000 was purchased by spence inc at the

Reference no: EM13608538

Equipment costing $76,000 was purchased by Spence, Inc., at the beginning of the current year. The company will depreciate the equipment by the declining-balance method, but it has not determined whether the rate will be at 150 percent or 200 percent of the straight-line rate. The estimated useful life of the equipment is eight years.

Prepare a comparison of the two alternative rates for management for the first two years Spence owns the equipment.(Round your answers to the nearest dollar amount. Omit the "tiny_mce_markerquot; sign in your response.)

Reference no: EM13608538

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