Question

In: Accounting

On Jan 1, 2021, KFC, Inc. Purchased machine for $200,000. If had a estimated value of...

On Jan 1, 2021, KFC, Inc. Purchased machine for $200,000. If had a estimated value of $40,000 and a 4 year useful life. KFC has Dec 31, year and uses the double declining balance method of depreciation. what is the the accumulated depreciation on Dec 31, 2022?

Solutions

Expert Solution

Accumulated DepN as on 31/dec/2022 is $ 120,000,

Please find the attached sheet for detailed calculations,

Thanks,


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