How much depreciation expense should taupe record

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Question

Taupe Corporation's schedule of depreciable assets at December 31, 20X3, is shown below. Taupe takes a full year's depreciation expense in the year of an asset's acquisition and no depreciation expense in the year of an asset's disposition. The estimated useful life of each depreciable asset is 5 years.

Asset Depreciation Cost
Method *
DDB
SYD
SL Acquisition
Date
Salvage Value

Concrete mixer $200,00020X2 $20,000

Delivery Truck 55,00020X1 10,000

Company Van 92,00020X1 14,000
$225,000 $44,000

DDB = double declining balance

SYD = sum of the years digits
SL = straight line

Taupe depreciates the concrete mixer on the double-declining-balance method. How much depreciation expense should Taupe record in 20X4 for the concrete mixer?

Reference no: EM132405352

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